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Typical Representative Finance Example
Product Conditional Sale – Private Individual | Cash Price £16,450.00 |
Total Deposit £1,645.00 | Total Amount of Credit £14,805.00 |
First Payment £330.65 | 58 Monthly Payments £330.65 |
Final Payment £340.65 | Agreement Duration 60 months |
Admin Fee £0.00 | Option to Purchase Fee £10.00 |
Interest Charges £5,044.00 | Total Amount Payable £21,494.00 |
Annual Fixed Interest Rate 6.80% | Representative APR 12.90% |
Product Conditional Sale – Private Individual | Cash Price £16,450.00 | Total Deposit £1,645.00 | Total Amount of Credit £14,805.00 | First Payment £330.65 |
58 Monthly Payments £330.65 | Final Payment £340.65 | Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £10.00 |
Interest Charges £5,044.00 | Total Amount Payable £21,494.00 | Annual Fixed Interest Rate 6.80% | Representative APR 12.90% |
Product Conditional Sale – Private Individual | Cash Price £16,450.00 | Total Deposit £1,645.00 | Total Amount of Credit £14,805.00 | First Payment £330.65 | 58 Monthly Payments £330.65 | Final Payment £340.65 |
Agreement Duration 60 months | Admin Fee £0.00 | Option to Purchase Fee £10.00 | Interest Charges £5,044.00 | Total Amount Payable £21,494.00 | Annual Fixed Interest Rate 6.80% | Representative APR 12.90% |