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Typical Representative Finance Example
Product
Personal Contract Purchase
Cash Price
£7,499.00
Total Deposit
£2,999.60
Total Amount of Credit
£4,499.40
First Payment
£51.95
46 Monthly Payments
£51.95
Final Payment
£3,418.90
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£1,361.15
Total Amount Payable
£8,860.15
Annual Fixed Interest Rate
8.90%
Representative APR
8.90%
Product
Personal Contract Purchase
Cash Price
£7,499.00
Total Deposit
£2,999.60
Total Amount of Credit
£4,499.40
First Payment
£51.95
46 Monthly Payments
£51.95
Final Payment
£3,418.90
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£1,361.15
Total Amount Payable
£8,860.15
Annual Fixed Interest Rate
8.90%
Representative APR
8.90%
Product
Personal Contract Purchase
Cash Price
£7,499.00
Total Deposit
£2,999.60
Total Amount of Credit
£4,499.40
First Payment
£51.95
46 Monthly Payments
£51.95
Final Payment
£3,418.90
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£1,361.15
Total Amount Payable
£8,860.15
Annual Fixed Interest Rate
8.90%
Representative APR
8.90%