Representative Example for Hire Purchase (HP): Payable by 48 payments of £124.06. Payments are based on a duration of agreement of 48 months, a Cash Price of £5,395.00, with a deposit of £539.50 leaving an amount of credit of £4,855.50. The agreement is calculated using a fixed rate of interest of 5.66% per year resulting in Representative 10.90% APR and a total amount payable of £6,494.38 We act as a credit broker, not a lender.