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Representative Finance Example
Product
Conditional Sale
Cash Price
£7,250.00
Total Deposit
£725.00
Total Amount of Credit
£6,525.00
First Payment
£154.69
58 Monthly Payments
£154.69
Final Payment
£154.69
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,756.40
Total Amount Payable
£10,006.40
Annual Fixed Interest Rate
7.00%
Representative APR
15.90%
Product
Conditional Sale
Cash Price
£7,250.00
Total Deposit
£725.00
Total Amount of Credit
£6,525.00
First Payment
£154.69
58 Monthly Payments
£154.69
Final Payment
£154.69
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,756.40
Total Amount Payable
£10,006.40
Annual Fixed Interest Rate
7.00%
Representative APR
15.90%
Product
Conditional Sale
Cash Price
£7,250.00
Total Deposit
£725.00
Total Amount of Credit
£6,525.00
First Payment
£154.69
58 Monthly Payments
£154.69
Final Payment
£154.69
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,756.40
Total Amount Payable
£10,006.40
Annual Fixed Interest Rate
7.00%
Representative APR
15.90%