Representative Example for Hire Purchase (HP): Cash price £12,200.00, Annual Interest Rate (fixed) 4.64% p.a., with a representative 8.9% APR, total amount of credit £10,980.00, deposit of £1,220.00, an initial payment of £225.46, followed by 58 monthly payments of £225.46 with a final payment of £235.46, total amount payable is £14,757.60
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