Representative Example for Hire Purchase (HP): Cash price £8,799.00, Annual Interest Rate (fixed) 7.36% p.a., with a representative 13.9% APR, total amount of credit £8,549.00, deposit of £250.00, an initial payment of £194.89, followed by 58 monthly payments of £194.89 with a final payment of £194.89, total amount payable is £11,943.40
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