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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%