Representative Example for Hire Purchase (HP): Cash price £9,700.00, Annual Interest Rate (fixed) 5.17% p.a., with a representative 9.9% APR, total amount of credit £9,700.00, deposit of £0.00, an initial payment of £203.82, followed by 58 monthly payments of £203.82 with a final payment of £213.82, total amount payable is £12,239.20
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