Representative Example for Hire Purchase (HP): Payable by 60 payments of £167.24. Payments are based on a duration of agreement of 60 months, a Cash Price of £8,495.00, with a deposit of £849.50 leaving an amount of credit of £10,893.90. The agreement is calculated using a fixed rate of interest of 6.25% per year resulting in Representative 11.90% APR and a total amount payable of £10,893.90 The representative example includes an estimated option to purchase fee of £10.00. We act as a credit broker, not a lender.