Representative Example for Hire Purchase (HP): Cash price £6,995.00, Annual Interest Rate (fixed) 5.7% p.a., with a representative 10.9% APR, total amount of credit £6,295.00, deposit of £700.00, an initial payment of £135.18, followed by 58 monthly payments of £135.18 with a final payment of £145.18, total amount payable is £8,820.80
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