Representative Example for Hire Purchase (HP): Cash price £5,395.00, Annual Interest Rate (fixed) 5.7% p.a., with a representative 10.9% APR, total amount of credit £5,395.00, deposit of £0.00, an initial payment of £115.54, followed by 58 monthly payments of £115.54 with a final payment of £125.54, total amount payable is £6,942.40
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