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1,800 cars
Hire Purchase (HP) representative example
Based on a cash price of £7,000 with a £1,000 customer deposit, borrowing £6,000 at a representative APR of 10.9% and the following:
48 monthly payments of
£153.30
Fixed rate of interest per annum
5.66%
Amount of interest
£1,358.57
Total amount payable
£8,358.57
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