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Representative Example
Hire Purchase: Payable by an initial payment of €215.99 followed by 46 payments of €152.50 and a final payment of €165.20. Payments are based on a duration of agreement of 48 months, a Cash Price OTR of €8,995.00 with a deposit of €2,698.50 leaving an amount of credit of €6,296.50. The agreement is calculated using a fixed rate of interest of 7.59% per year resulting in Representative 8.5%APR and a total amount payable of €10,094.69. Included in the final payment shown is a fee of €12.70. Included in the first payment shown is a fee of €63.49.