Representative Example for Hire Purchase (HP): Cash price £9,846.00, Annual Interest Rate (fixed) 4.85% p.a., with a representative 8.9% APR, total amount of credit £0.00, deposit of £1,094.00, an initial payment of £203.89, followed by 60 monthly payments of £203.89 with a final payment of £203.89, total amount payable is £12,233.65
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