Representative Example for Hire Purchase (HP): Payable by 48 payments of £1,048.11. Payments are based on a duration of agreement of 48 months, a Cash Price of £47,700.00, with a deposit of £5,962.50 leaving an amount of credit of £56,272.78. The agreement is calculated using a fixed rate of interest of 5.13% per year resulting in Representative 9.90% APR and a total amount payable of £56,272.78 The representative example includes an estimated option to purchase fee of £1.00. We act as a credit broker, not a lender.