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Typical Representative Finance Example
Product
Conditional Sale
Cash Price
£6,995.00
Total Deposit
£1,049.25
Total Amount of Credit
£5,945.75
First Payment
£187.85
34 Monthly Payments
£187.85
Final Payment
£187.85
Agreement Duration
36 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£816.85
Total Amount Payable
£7,811.85
Annual Fixed Interest Rate
8.90%
Representative APR
8.90%
Product
Conditional Sale
Cash Price
£6,995.00
Total Deposit
£1,049.25
Total Amount of Credit
£5,945.75
First Payment
£187.85
34 Monthly Payments
£187.85
Final Payment
£187.85
Agreement Duration
36 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£816.85
Total Amount Payable
£7,811.85
Annual Fixed Interest Rate
8.90%
Representative APR
8.90%
Product
Conditional Sale
Cash Price
£6,995.00
Total Deposit
£1,049.25
Total Amount of Credit
£5,945.75
First Payment
£187.85
34 Monthly Payments
£187.85
Final Payment
£187.85
Agreement Duration
36 months
Admin Fee
£0.00
Option to Purchase Fee
£0.00
Interest Charges
£816.85
Total Amount Payable
£7,811.85
Annual Fixed Interest Rate
8.90%
Representative APR
8.90%