Representative Example for Hire Purchase (HP): Cash price £12,550.00, Annual Interest Rate (fixed) 4.64% p.a., with a representative 8.9% APR, total amount of credit £11,295.00, deposit of £1,255.00, an initial payment of £231.92, followed by 58 monthly payments of £231.92 with a final payment of £241.92, total amount payable is £15,180.20
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