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Representative Example for Hire Purchase (HP): Cash price £24,598.00, Annual Interest Rate (fixed) 5.78% p.a., with a representative 11% APR, total amount of credit £22,139.00, deposit of £2,459.00, an initial payment of £475.62, followed by 58 monthly payments of £475.62 with a final payment of £475.62, total amount payable is £30,996.20
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