Representative Example for Hire Purchase (HP): Cash price £14,995.00, Annual Interest Rate (fixed) 7.07% p.a., with a representative 13.4% APR, total amount of credit £14,995.00, deposit of £2,999.00, an initial payment of £338.26, followed by 58 monthly payments of £338.26 with a final payment of £348.26, total amount payable is £23,304.60
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