Representative Example for Hire Purchase (HP): Cash price £59,450.00, Annual Interest Rate (fixed) 5.52% p.a., with a representative 9.9% APR, total amount of credit £53,505.00, deposit of £5,945.00, an initial payment of £692.00, followed by 118 monthly payments of £692.00 with a final payment of £702.00, total amount payable is £88,995.00