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Typical Representative Finance Example
Product
Personal Contract Purchase
Cash Price
£16,995.00
Total Deposit
£1,699.50
Total Amount of Credit
£15,295.50
First Payment
£257.23
46 Monthly Payments
£257.23
Final Payment
£7,627.50
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£4,421.81
Total Amount Payable
£21,416.81
Annual Fixed Interest Rate
7.23%
Representative APR
9.90%
Product
Personal Contract Purchase
Cash Price
£16,995.00
Total Deposit
£1,699.50
Total Amount of Credit
£15,295.50
First Payment
£257.23
46 Monthly Payments
£257.23
Final Payment
£7,627.50
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£4,421.81
Total Amount Payable
£21,416.81
Annual Fixed Interest Rate
7.23%
Representative APR
9.90%
Product
Personal Contract Purchase
Cash Price
£16,995.00
Total Deposit
£1,699.50
Total Amount of Credit
£15,295.50
First Payment
£257.23
46 Monthly Payments
£257.23
Final Payment
£7,627.50
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£4,421.81
Total Amount Payable
£21,416.81
Annual Fixed Interest Rate
7.23%
Representative APR
9.90%