Finance representative example (HP)

Total cash price £5,875. Borrowing £5,287.50 with a £587.50 deposit at a representative APR of 11.4%.

First payment of

£114.56

58 monthly payments of

£114.56

Fixed interest rate

6%

Option-to-purchase fee

£0

Final payment

£114.56

Total amount payable

£7,461.10