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Representative Finance Example
Product
Conditional Sale
Cash Price
£7,495.00
Total Deposit
£749.50
Total Amount of Credit
£6,745.50
First Payment
£150.78
58 Monthly Payments
£150.78
Final Payment
£150.78
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,301.30
Total Amount Payable
£9,796.30
Annual Fixed Interest Rate
5.50%
Representative APR
12.90%
Product
Conditional Sale
Cash Price
£7,495.00
Total Deposit
£749.50
Total Amount of Credit
£6,745.50
First Payment
£150.78
58 Monthly Payments
£150.78
Final Payment
£150.78
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,301.30
Total Amount Payable
£9,796.30
Annual Fixed Interest Rate
5.50%
Representative APR
12.90%
Product
Conditional Sale
Cash Price
£7,495.00
Total Deposit
£749.50
Total Amount of Credit
£6,745.50
First Payment
£150.78
58 Monthly Payments
£150.78
Final Payment
£150.78
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,301.30
Total Amount Payable
£9,796.30
Annual Fixed Interest Rate
5.50%
Representative APR
12.90%