Representative Example for Hire Purchase (HP): Cash price £12,000.00, Annual Interest Rate (fixed) 4.64% p.a., with a representative 8.9% APR, total amount of credit £10,800.00, deposit of £1,200.00, an initial payment of £221.76, followed by 58 monthly payments of £221.76 with a final payment of £231.76, total amount payable is £14,515.60
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