What is a hire purchase agreement
What is personal contract purchase?
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Representative Example HP
An OTR Cash Price of £7,795.00 with a deposit of £779.50 leaving an amount of credit of £7,015.50. The agreement is resulting a Representative 21.9% APR and a total amount payable of £11,923.90. Payments are based on a duration of agreement of 60 months, with a first monthly payment of £ 185.74, regular monthly payment of £185.74 and a final monthly payment of £185.74.