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Representative Example for Hire Purchase (HP): Cash price £5,495.00, Annual Interest Rate (fixed) 6.27% p.a., with a representative 11.9% APR, total amount of credit £4,946.00, deposit of £549.00, an initial payment of £108.27, followed by 58 monthly payments of £108.27 with a final payment of £108.27, total amount payable is £7,045.20
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