Representative Example for Hire Purchase (HP): Cash price £32,590.00, Annual Interest Rate (fixed) 5.45% p.a., with a representative 10.4% APR, total amount of credit £29,331.00, deposit of £3,259.00, an initial payment of £622.06, followed by 58 monthly payments of £622.06 with a final payment of £632.06, total amount payable is £40,592.60
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