Representative Example for Hire Purchase (HP): Payable by 120 payments of £162.02. Payments are based on a duration of agreement of 120 months, a Cash Price of £16,295.00, with a deposit of £3,259.00 leaving an amount of credit of £13,036.00. 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 £19,442.50 We act as a credit broker, not a lender.