Representative Example for Hire Purchase (HP): Cash price £30,940.00, Annual Interest Rate (fixed) 5.18% p.a., with a representative 9.9% APR, total amount of credit £25,940.00, deposit of £5,000.00, an initial payment of £544.71, followed by 58 monthly payments of £544.71 with a final payment of £554.71, total amount payable is £37,692.60
MERCEDES-BENZ CLA
2.1 CLA220 CDI AMG Sport Coupe 7G-DCT Euro 6 (s/s) 4dr
- 2014
- 61,000 miles
12,440
£12,440
Finance Representative
Product
HP
Cash Price
£12,440.00
Deposit
£5,000.00
Total Amount of Credit
£7,440.00
Total Amount Payable
£14,392.80
Administration Fee
£0.00
Option to Purchase Fee
£10.00
Fixed Rate
5.17%
Duration of Agreement
60
Initial Payment
£156.38
Monthly Payment
£156.38
x
58
Final Payment
£166.38
APR Representative
9.9%