Typical Representative Finance Example
Product Conditional Sale | Cash Price £9,495.00 |
Total Deposit £949.50 | Total Amount of Credit £8,545.50 |
First Payment £198.30 | 58 Monthly Payments £198.30 |
Final Payment £198.30 | Agreement Duration 60 months |
Admin Fee £0.00 | Option to Purchase Fee £10.00 |
Interest Charges £3,352.50 | Total Amount Payable £12,847.50 |
Annual Fixed Interest Rate 6.75% | Representative APR 14.80% |
Product Conditional Sale | Cash Price £9,495.00 | Total Deposit £949.50 | Total Amount of Credit £8,545.50 | First Payment £198.30 |
58 Monthly Payments £198.30 | Final Payment £198.30 | Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £10.00 |
Interest Charges £3,352.50 | Total Amount Payable £12,847.50 | Annual Fixed Interest Rate 6.75% | Representative APR 14.80% |
Product Conditional Sale | Cash Price £9,495.00 | Total Deposit £949.50 | Total Amount of Credit £8,545.50 | First Payment £198.30 | 58 Monthly Payments £198.30 | Final Payment £198.30 |
Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £10.00 | Interest Charges £3,352.50 | Total Amount Payable £12,847.50 | Annual Fixed Interest Rate 6.75% | Representative APR 14.80% |