Representative Example for Hire Purchase (HP): Cash price £27,750.00, Annual Interest Rate (fixed) 4.65% p.a., with a representative 8.9% APR, total amount of credit £26,750.00, deposit of £1,000.00, an initial payment of £549.49, followed by 58 monthly payments of £549.49 with a final payment of £550.49, total amount payable is £33,970.40
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