What is a hire purchase agreement
What is personal contract purchase?
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Representative Example HP
An OTR Cash Price of £7,495.00 with a deposit of £749.50 leaving an amount of credit of £6,745.50. The agreement is resulting a Representative 21.9% APR and a total amount payable of £11,464.90. Payments are based on a duration of agreement of 60 months, with a first monthly payment of £ 178.59, regular monthly payment of £178.59 and a final monthly payment of £178.59.