Representative Example for Hire Purchase (HP): Cash price £7,995.00, Annual Interest Rate (fixed) 5.17% p.a., with a representative 9.9% APR, total amount of credit £7,995.00, deposit of £0.00, an initial payment of £167.70, followed by 58 monthly payments of £167.70 with a final payment of £177.70, total amount payable is £10,072.00
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