What is Hire Purchase?
What is Personal Contract Purchase?
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Representative Example HP
An OTR Cash Price of £19,995.00 with a deposit of £0.00 leaving an amount of credit of £19,995.00. The agreement is resulting a Representative 13.42% APR and a total amount payable of £25,587.76. Payments are based on a duration of agreement of 48 months, with a first monthly payment of £ 532.87, regular monthly payment of £532.87 and a final monthly payment of £542.87.