Representative Example for Hire Purchase (HP): Payable by 60 payments of £153.80. Payments are based on a duration of agreement of 60 months, a Cash Price of £7,495.00, with a deposit of £749.50 leaving an amount of credit of £6,745.50. The agreement is calculated using a fixed rate of interest of 7.36% per year resulting in Representative 13.90% APR and a total amount payable of £9,977.50 We act as a credit broker, not a lender.