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Representative Example for Hire Purchase (HP): Payable by 48 payments of £233.92. Payments are based on a duration of agreement of 48 months, a Cash Price of £10,740.00, with a deposit of £1,342.50 leaving an amount of credit of £12,571.66. The agreement is calculated using a fixed rate of interest of 4.87% per year resulting in Representative 9.40% APR and a total amount payable of £12,571.66 The representative example includes an estimated option to purchase fee of £1.00. We act as a credit broker, not a lender.