Representative Example for Hire Purchase (HP): Cash price £10,695.00, Annual Interest Rate (fixed) 4.64% p.a., with a representative 8.9% APR, total amount of credit £9,625.00, deposit of £1,070.00, an initial payment of £197.94, followed by 58 monthly payments of £197.94 with a final payment of £207.94, total amount payable is £12,956.40
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