Representative Example for Hire Purchase (HP): Payable by 120 payments of £397.67. Payments are based on a duration of agreement of 120 months, a Cash Price of £39,995.00, with a deposit of £7,999.00 leaving an amount of credit of £31,996.00. 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 £47,720.33 We act as a credit broker, not a lender.