Representative Example for Hire Purchase (HP): Cash price £16,500.00, Annual Interest Rate (fixed) 6.81% p.a., with a representative 12.9% APR, total amount of credit £14,850.00, deposit of £1,650.00, an initial payment of £331.77, followed by 58 monthly payments of £331.77 with a final payment of £332.77, total amount payable is £21,557.20
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