Representative Example for Hire Purchase (HP): Cash price £11,750.00, Annual Interest Rate (fixed) 4.64% p.a., with a representative 8.9% APR, total amount of credit £10,575.00, deposit of £1,175.00, an initial payment of £217.14, followed by 58 monthly payments of £217.14 with a final payment of £227.14, total amount payable is £14,213.40
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