Representative Example for Hire Purchase (HP): Cash price £11,499.00, Annual Interest Rate (fixed) 5.73% p.a., with a representative 10.9% APR, total amount of credit £11,499.00, deposit of £2,299.80, an initial payment of £246.54, followed by 58 monthly payments of £246.54 with a final payment of £246.54, total amount payable is £17,092.20
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