Representative Example for Hire Purchase (HP): Payable by 48 payments of £92.87. Payments are based on a duration of agreement of 48 months, a Cash Price of £3,495.00, with a deposit of £349.50 leaving an amount of credit of £3,145.50. The agreement is calculated using a fixed rate of interest of 10.43% per year resulting in Representative 19.90% APR and a total amount payable of £4,807.26 We act as a credit broker, not a lender.