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Typical Representative Finance Example
Product
Personal Contract Purchase
Cash Price
£31,650.00
Total Deposit
£3,165.00
Total Amount of Credit
£28,485.00
First Payment
£493.14
58 Monthly Payments
£493.14
Final Payment
£11,203.00
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£11,812.26
Total Amount Payable
£43,463.26
Annual Fixed Interest Rate
6.38%
Representative APR
12.10%
Product
Personal Contract Purchase
Cash Price
£31,650.00
Total Deposit
£3,165.00
Total Amount of Credit
£28,485.00
First Payment
£493.14
58 Monthly Payments
£493.14
Final Payment
£11,203.00
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£11,812.26
Total Amount Payable
£43,463.26
Annual Fixed Interest Rate
6.38%
Representative APR
12.10%
Product
Personal Contract Purchase
Cash Price
£31,650.00
Total Deposit
£3,165.00
Total Amount of Credit
£28,485.00
First Payment
£493.14
58 Monthly Payments
£493.14
Final Payment
£11,203.00
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£1.00
Interest Charges
£11,812.26
Total Amount Payable
£43,463.26
Annual Fixed Interest Rate
6.38%
Representative APR
12.10%