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Typical Representative Finance Example
Product
Conditional Sale
Cash Price
£21,989.00
Total Deposit
£2,198.90
Total Amount of Credit
£19,790.10
First Payment
£419.59
58 Monthly Payments
£419.59
Final Payment
£419.59
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£5,385.30
Total Amount Payable
£27,374.30
Annual Fixed Interest Rate
5.00%
Representative APR
10.40%
Product
Conditional Sale
Cash Price
£21,989.00
Total Deposit
£2,198.90
Total Amount of Credit
£19,790.10
First Payment
£419.59
58 Monthly Payments
£419.59
Final Payment
£419.59
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£5,385.30
Total Amount Payable
£27,374.30
Annual Fixed Interest Rate
5.00%
Representative APR
10.40%
Product
Conditional Sale
Cash Price
£21,989.00
Total Deposit
£2,198.90
Total Amount of Credit
£19,790.10
First Payment
£419.59
58 Monthly Payments
£419.59
Final Payment
£419.59
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£5,385.30
Total Amount Payable
£27,374.30
Annual Fixed Interest Rate
5.00%
Representative APR
10.40%