Representative Example for Hire Purchase (HP): Payable by 48 payments of £72.42. Payments are based on a duration of agreement of 48 months, a Cash Price of £2,995.00, with a deposit of £299.50 leaving an amount of credit of £2,695.50. The agreement is calculated using a fixed rate of interest of 7.24% per year resulting in Representative 13.90% APR and a total amount payable of £3,775.66 We act as a credit broker, not a lender.