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Typical Representative Finance Example
Product
Personal Contract Purchase
Cash Price
£8,000.00
Total Deposit
£800.00
Total Amount of Credit
£7,200.00
First Payment
£156.84
46 Monthly Payments
£156.84
Final Payment
£2,440.59
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,612.07
Total Amount Payable
£10,612.07
Annual Fixed Interest Rate
6.00%
Representative APR
13.90%
Product
Personal Contract Purchase
Cash Price
£8,000.00
Total Deposit
£800.00
Total Amount of Credit
£7,200.00
First Payment
£156.84
46 Monthly Payments
£156.84
Final Payment
£2,440.59
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,612.07
Total Amount Payable
£10,612.07
Annual Fixed Interest Rate
6.00%
Representative APR
13.90%
Product
Personal Contract Purchase
Cash Price
£8,000.00
Total Deposit
£800.00
Total Amount of Credit
£7,200.00
First Payment
£156.84
46 Monthly Payments
£156.84
Final Payment
£2,440.59
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,612.07
Total Amount Payable
£10,612.07
Annual Fixed Interest Rate
6.00%
Representative APR
13.90%