What is a hire purchase agreement
What is personal contract purchase?
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Representative Example HP
An OTR Cash Price of £5,495.00 with a deposit of £549.50 leaving an amount of credit of £4,945.50. The agreement is resulting a Representative 11.4% APR and a total amount payable of £6,980.70. Payments are based on a duration of agreement of 60 months, with a first monthly payment of £ 107.02, regular monthly payment of £107.02 and a final monthly payment of £117.02.