Representative Example for Hire Purchase (HP): Payable by 60 payments of £131.40. Payments are based on a duration of agreement of 60 months, a Cash Price of £7,995.00, with a deposit of £1,599.00 leaving an amount of credit of £6,396.00. The agreement is calculated using a fixed rate of interest of 8.90% per year resulting in Representative 8.90% APR and a total amount payable of £7,883.85 We act as a credit broker, not a lender.