Representative Example for Hire Purchase (HP): Cash price £16,250.00, Annual Interest Rate (fixed) 5.18% p.a., with a representative 9.9% APR, total amount of credit £16,250.00, deposit of £0.00, an initial payment of £341.31, followed by 58 monthly payments of £341.31 with a final payment of £351.31, total amount payable is £20,488.60