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Typical Representative Finance Example
Product
Conditional Sale
Cash Price
£8,000.00
Total Deposit
£0.00
Total Amount of Credit
£8,000.00
First Payment
£184.40
58 Monthly Payments
£184.40
Final Payment
£184.40
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£3,064.00
Total Amount Payable
£11,064.00
Annual Fixed Interest Rate
6.50%
Representative APR
14.50%
Product
Conditional Sale
Cash Price
£8,000.00
Total Deposit
£0.00
Total Amount of Credit
£8,000.00
First Payment
£184.40
58 Monthly Payments
£184.40
Final Payment
£184.40
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£3,064.00
Total Amount Payable
£11,064.00
Annual Fixed Interest Rate
6.50%
Representative APR
14.50%
Product
Conditional Sale
Cash Price
£8,000.00
Total Deposit
£0.00
Total Amount of Credit
£8,000.00
First Payment
£184.40
58 Monthly Payments
£184.40
Final Payment
£184.40
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£3,064.00
Total Amount Payable
£11,064.00
Annual Fixed Interest Rate
6.50%
Representative APR
14.50%