Representative Example for Hire Purchase (HP): Payable by 60 payments of £1,146.25. Payments are based on a duration of agreement of 60 months, a Cash Price of £61,995.00, with a deposit of £6,199.50 leaving an amount of credit of £55,795.50. 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 £68,774.75 We act as a credit broker, not a lender.