What is a hire purchase agreement
What is personal contract purchase?
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Representative Example HP
An OTR Cash Price of £6,695.00 with a deposit of £669.50 leaving an amount of credit of £6,025.50. The agreement is resulting a Representative 9.9% APR and a total amount payable of £8,258.30. Payments are based on a duration of agreement of 60 months, with a first monthly payment of £ 126.48, regular monthly payment of £126.48 and a final monthly payment of £126.48.