Representative Example for Hire Purchase (HP): Cash price £17,500.00, Annual Interest Rate (fixed) 6.27% p.a., with a representative 11.9% APR, total amount of credit £15,750.00, deposit of £1,750.00, an initial payment of £344.78, followed by 58 monthly payments of £344.78 with a final payment of £344.78, total amount payable is £22,436.80
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