Representative Example for Hire Purchase (HP): Payable by 60 payments of £338.26. Payments are based on a duration of agreement of 60 months, a Cash Price of £18,295.00, with a deposit of £1,829.50 leaving an amount of credit of £16,465.50. 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 £20,295.74 We act as a credit broker, not a lender.