Representative Example for Hire Purchase (HP): Cash price £25,385.00, Annual Interest Rate (fixed) 4.75% p.a., with a representative 8.9% APR, total amount of credit £22,847.00, deposit of £2,538.00, an initial payment of £362.46, followed by 82 monthly payments of £362.46 with a final payment of £363.46, total amount payable is £32,985.64
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