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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%