Representative Example for Hire Purchase (HP): Cash price £59,950.00, Annual Interest Rate (fixed) 5.52% p.a., with a representative 9.9% APR, total amount of credit £53,955.00, deposit of £5,995.00, an initial payment of £697.82, followed by 118 monthly payments of £697.82 with a final payment of £707.82, total amount payable is £89,743.40