Representative Example for Hire Purchase (HP): Payable by 60 payments of £318.36. Payments are based on a duration of agreement of 60 months, a Cash Price of £16,500.00, with a deposit of £1,650.00 leaving an amount of credit of £14,850.00. The agreement is calculated using a fixed rate of interest of 10.90% per year resulting in Representative 10.90% APR and a total amount payable of £20,752.60 We act as a credit broker, not a lender.