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Representative Example for Hire Purchase (HP): Payable by 60 payments of £247.22. Payments are based on a duration of agreement of 60 months, a Cash Price of £12,295.00, with a deposit of £1,229.50 leaving an amount of credit of £11,065.50. The agreement is calculated using a fixed rate of interest of 6.81% per year resulting in Representative 12.90% APR and a total amount payable of £16,062.70 We act as a credit broker, not a lender.