Finance representative example (HP)

Total cash price £5,500. Borrowing £4,950.00 with a £550.00 deposit at a representative APR of 11.4%.

First payment of

£107.25

58 monthly payments of

£107.25

Fixed interest rate

6%

Option-to-purchase fee

£0

Final payment

£107.25

Total amount payable

£6,985.00