Representative Example for Hire Purchase (HP): Cash price £38,950.00, Annual Interest Rate (fixed) 5.19% p.a., with a representative 9.9% APR, total amount of credit £37,950.00, deposit of £1,000.00, an initial payment of £796.63, followed by 58 monthly payments of £796.63 with a final payment of £806.63, total amount payable is £48,807.80