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Representative Example for Hire Purchase (HP): Payable by 60 payments of £389.48. Payments are based on a duration of agreement of 60 months, a Cash Price of £19,370.00, with a deposit of £1,937.00 leaving an amount of credit of £17,433.00. 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 £25,305.80 We act as a credit broker, not a lender.