Representative Example for Hire Purchase (HP): Payable by 60 payments of £647.03. Payments are based on a duration of agreement of 60 months, a Cash Price of £34,995.00, with a deposit of £3,499.50 leaving an amount of credit of £31,495.50. 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 £38,822.04 We act as a credit broker, not a lender.