Representative Example for Hire Purchase (HP): Cash price £10,395.00, Annual Interest Rate (fixed) 4.64% p.a., with a representative 8.9% APR, total amount of credit £9,356.00, deposit of £1,039.00, an initial payment of £192.11, followed by 58 monthly payments of £192.11 with a final payment of £202.11, total amount payable is £12,575.60