Representative Example for Hire Purchase (HP): Payable by 60 payments of £961.35. Payments are based on a duration of agreement of 60 months, a Cash Price of £51,995.00, with a deposit of £5,199.50 leaving an amount of credit of £46,795.50. 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 £57,681.16 We act as a credit broker, not a lender.