Typical Representative Finance Example
Product Conditional Sale | Cash Price £6,999.00 |
Total Deposit £699.90 | Total Amount of Credit £6,299.10 |
First Payment £145.45 | 58 Monthly Payments £145.45 |
Final Payment £145.45 | Agreement Duration 60 months |
Admin Fee £0.00 | Option to Purchase Fee £10.00 |
Interest Charges £2,427.90 | Total Amount Payable £9,426.90 |
Annual Fixed Interest Rate 6.25% | Representative APR 14.50% |
Product Conditional Sale | Cash Price £6,999.00 | Total Deposit £699.90 | Total Amount of Credit £6,299.10 | First Payment £145.45 |
58 Monthly Payments £145.45 | Final Payment £145.45 | Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £10.00 |
Interest Charges £2,427.90 | Total Amount Payable £9,426.90 | Annual Fixed Interest Rate 6.25% | Representative APR 14.50% |
Product Conditional Sale | Cash Price £6,999.00 | Total Deposit £699.90 | Total Amount of Credit £6,299.10 | First Payment £145.45 | 58 Monthly Payments £145.45 | Final Payment £145.45 |
Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £10.00 | Interest Charges £2,427.90 | Total Amount Payable £9,426.90 | Annual Fixed Interest Rate 6.25% | Representative APR 14.50% |