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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£10,900.00
Total Deposit
£1,090.00
Total Amount of Credit
£9,810.00
First Payment
£214.59
58 Monthly Payments
£214.59
Final Payment
£224.59
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£3,075.40
Total Amount Payable
£13,975.40
Annual Fixed Interest Rate
6.25%
Representative APR
11.90%
Product
Hire Purchase
Cash Price
£10,900.00
Total Deposit
£1,090.00
Total Amount of Credit
£9,810.00
First Payment
£214.59
58 Monthly Payments
£214.59
Final Payment
£224.59
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£3,075.40
Total Amount Payable
£13,975.40
Annual Fixed Interest Rate
6.25%
Representative APR
11.90%
Product
Hire Purchase
Cash Price
£10,900.00
Total Deposit
£1,090.00
Total Amount of Credit
£9,810.00
First Payment
£214.59
58 Monthly Payments
£214.59
Final Payment
£224.59
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£3,075.40
Total Amount Payable
£13,975.40
Annual Fixed Interest Rate
6.25%
Representative APR
11.90%

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Kia Niro 1.6h GDi First Edition SUV 5dr Petrol Hybrid DCT Euro 6 (s/s) (139 bhp)
Year
2017
Mileage
61,695 miles
Seats
5
Doors
5
Body Shape
SUV
Colour
Blue
Fuel Type
Petrol Hybrid
Transmission
Automatic
MPG
64.2 mpg
Insurance Group
12E
Typical Representative Finance Example
Product: Hire Purchase | Cash Price: £11,600 | Total Deposit: £1,160 | Total Amount of Credit: £10,440 | First Payment: £228.38 | 58 Monthly Payments: £228.38 | Final Payment: £238.38 | Agreement Duration: 60 months | Admin Fee: £0 | Option to Purchase Fee: £10 | Interest Charges: £3,272.80 | Total Amount Payable: £14,872.80 | Annual Fixed Interest Rate: 6.25% | Representative APR: 11.90%