Representative Example for Hire Purchase (HP): Payable by 60 payments of £291.39. Payments are based on a duration of agreement of 60 months, a Cash Price of £15,100.00, with a deposit of £1,510.00 leaving an amount of credit of £13,590.00. 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 £18,993.40 We act as a credit broker, not a lender.