Representative Example for Hire Purchase (HP): Payable by 120 payments of £497.10. Payments are based on a duration of agreement of 120 months, a Cash Price of £49,995.00, with a deposit of £9,999.00 leaving an amount of credit of £39,996.00. 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 £59,651.91 We act as a credit broker, not a lender.