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Typical Representative Finance Example
Product
Personal Contract Purchase
Cash Price
£14,295.00
Total Deposit
£1,429.50
Total Amount of Credit
£12,865.50
First Payment
£226.12
47 Monthly Payments
£226.12
Final Payment
£5,244.00
Agreement Duration
49 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£3,232.26
Total Amount Payable
£17,527.26
Annual Fixed Interest Rate
4.61%
Representative APR
8.90%
Product
Personal Contract Purchase
Cash Price
£14,295.00
Total Deposit
£1,429.50
Total Amount of Credit
£12,865.50
First Payment
£226.12
47 Monthly Payments
£226.12
Final Payment
£5,244.00
Agreement Duration
49 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£3,232.26
Total Amount Payable
£17,527.26
Annual Fixed Interest Rate
4.61%
Representative APR
8.90%
Product
Personal Contract Purchase
Cash Price
£14,295.00
Total Deposit
£1,429.50
Total Amount of Credit
£12,865.50
First Payment
£226.12
47 Monthly Payments
£226.12
Final Payment
£5,244.00
Agreement Duration
49 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£3,232.26
Total Amount Payable
£17,527.26
Annual Fixed Interest Rate
4.61%
Representative APR
8.90%