Representative Example for Hire Purchase (HP): Cash price £17,000.00, Annual Interest Rate (fixed) 5.18% p.a., with a representative 9.9% APR, total amount of credit £17,000.00, deposit of £3,400.00, an initial payment of £357.05, followed by 58 monthly payments of £357.05 with a final payment of £367.05, total amount payable is £24,833.00
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