Representative Example for Hire Purchase (HP): Cash price £37,950.00, Annual Interest Rate (fixed) 5.19% p.a., with a representative 9.9% APR, total amount of credit £36,950.00, deposit of £1,000.00, an initial payment of £775.64, followed by 58 monthly payments of £775.64 with a final payment of £785.64, total amount payable is £47,548.40
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