Representative Example for Hire Purchase (HP): Cash price £21,950.00, Annual Interest Rate (fixed) 5.72% p.a., with a representative 10.9% APR, total amount of credit £21,950.00, deposit of £0.00, an initial payment of £470.82, followed by 58 monthly payments of £470.82 with a final payment of £480.82, total amount payable is £28,259.20
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