Representative Example for Hire Purchase (HP): Payable by 48 payments of £157.05. Payments are based on a duration of agreement of 48 months, a Cash Price of £6,495.00, with a deposit of £649.50 leaving an amount of credit of £5,845.50. 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 £8,187.90 We act as a credit broker, not a lender.