Representative Example for Hire Purchase (HP): Cash price £19,795.00, Annual Interest Rate (fixed) 5.18% p.a., with a representative 9.9% APR, total amount of credit £17,815.00, deposit of £1,980.00, an initial payment of £374.16, followed by 58 monthly payments of £374.16 with a final payment of £384.16, total amount payable is £24,439.60
2017 17 MITSUBISHI MIRAGE 1.2 Juro Hatchback 5dr Petrol CVT Euro 6 (s/s) (79 ps)
- 6 Months Warranty Included
- 42,000 miles
- White
- Petrol
- Automatic
- 1.2 L
- TBC kWh
- TBC miles
- TBC mins
- 65.7 Avg. MPG
- Ins. Group: 19
- 99 CO² (g/km)
- £200.00 12m Tax
- £110.00 6m Tax
- Full Leather
- Satellite Navigation
- Apple Car Play / Android Auto
- Sunvisors - Front with Vanity Mirrors
- Footrest - Drivers
| Cash Price |
Deposit | Total Amount of Credit |
Total Amount Payable |
Administration Fee |
Option to Purchase Fee |
Fixed Rate |
Representative APR |
Duration of Agreement |
Initial Payment |
Monthly Payment |
Final Payment |
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HP | £7495.00 | £750.00 | £6745.00 | £9267.40 | £0.00 | £10.00 | 5.17% P.A. | 9.9% APR | 60 mths | £141.79 | £141.79 x 58 | £151.79 | Apply |
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Illustrative Example
Product
HP
Cash Price
£7,495.00
Deposit
£750.00
Total Amount of Credit
£6,745.00
Total Amount Payable
£9,267.40
Administration Fee
£0.00
Option to Purchase Fee
£10.00
Fixed Rate
5.17%
Duration of Agreement
60
Initial Payment
£141.79
Monthly Payment
£141.79
x
58
Final Payment
£151.79
APR Representative
9.9%
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