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Typical Representative Finance Example
Product
Hire Purchase
Cash Price
£46,500.00
Total Deposit
£21,500.00
Total Amount of Credit
£25,000.00
First Payment
£906.37
34 Monthly Payments
£906.37
Final Payment
£1,006.37
Agreement Duration
36 months
Admin Fee
£0.00
Option to Purchase Fee
£100.00
Interest Charges
£7,729.32
Total Amount Payable
£54,229.32
Annual Fixed Interest Rate
19.80%
Representative APR
20.00%
Product
Hire Purchase
Cash Price
£46,500.00
Total Deposit
£21,500.00
Total Amount of Credit
£25,000.00
First Payment
£906.37
34 Monthly Payments
£906.37
Final Payment
£1,006.37
Agreement Duration
36 months
Admin Fee
£0.00
Option to Purchase Fee
£100.00
Interest Charges
£7,729.32
Total Amount Payable
£54,229.32
Annual Fixed Interest Rate
19.80%
Representative APR
20.00%
Product
Hire Purchase
Cash Price
£46,500.00
Total Deposit
£21,500.00
Total Amount of Credit
£25,000.00
First Payment
£906.37
34 Monthly Payments
£906.37
Final Payment
£1,006.37
Agreement Duration
36 months
Admin Fee
£0.00
Option to Purchase Fee
£100.00
Interest Charges
£7,729.32
Total Amount Payable
£54,229.32
Annual Fixed Interest Rate
19.80%
Representative APR
20.00%
This is not a real business, this is a test website demonstrating the MotorDesk platform. No vehicles are available for sale, and no services are provided via this website. In particular, any and all finance data/information is for demonstration purposes only, and absolutely no real-world finance products or services are on offer.
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