Representative Example for Hire Purchase (HP): Payable by 60 payments of £86.74. Payments are based on a duration of agreement of 60 months, a Cash Price of £4,495.00, with a deposit of £449.50 leaving an amount of credit of £4,045.50. The agreement is calculated using a fixed rate of interest of 5.73% per year resulting in Representative 10.90% APR and a total amount payable of £5,653.90 We act as a credit broker, not a lender.