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Typical Representative Finance Example
Product
Conditional Sale
Cash Price
£11,994.00
Total Deposit
£2,398.80
Total Amount of Credit
£9,595.20
First Payment
£248.63
46 Monthly Payments
£248.63
Final Payment
£248.63
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,339.04
Total Amount Payable
£14,333.04
Annual Fixed Interest Rate
5.00%
Representative APR
11.70%
Product
Conditional Sale
Cash Price
£11,994.00
Total Deposit
£2,398.80
Total Amount of Credit
£9,595.20
First Payment
£248.63
46 Monthly Payments
£248.63
Final Payment
£248.63
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,339.04
Total Amount Payable
£14,333.04
Annual Fixed Interest Rate
5.00%
Representative APR
11.70%
Product
Conditional Sale
Cash Price
£11,994.00
Total Deposit
£2,398.80
Total Amount of Credit
£9,595.20
First Payment
£248.63
46 Monthly Payments
£248.63
Final Payment
£248.63
Agreement Duration
48 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,339.04
Total Amount Payable
£14,333.04
Annual Fixed Interest Rate
5.00%
Representative APR
11.70%