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Representative Finance Example
Product
Conditional Sale
Cash Price
£4,545.00
Total Deposit
£454.50
Total Amount of Credit
£4,090.50
First Payment
£103.61
58 Monthly Payments
£103.61
Final Payment
£103.61
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,126.10
Total Amount Payable
£6,671.10
Annual Fixed Interest Rate
8.00%
Representative APR
19.40%
Product
Conditional Sale
Cash Price
£4,545.00
Total Deposit
£454.50
Total Amount of Credit
£4,090.50
First Payment
£103.61
58 Monthly Payments
£103.61
Final Payment
£103.61
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,126.10
Total Amount Payable
£6,671.10
Annual Fixed Interest Rate
8.00%
Representative APR
19.40%
Product
Conditional Sale
Cash Price
£4,545.00
Total Deposit
£454.50
Total Amount of Credit
£4,090.50
First Payment
£103.61
58 Monthly Payments
£103.61
Final Payment
£103.61
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,126.10
Total Amount Payable
£6,671.10
Annual Fixed Interest Rate
8.00%
Representative APR
19.40%