Representative Example for Hire Purchase (HP): Cash price £18,495.00, Annual Interest Rate (fixed) 5.51% p.a., with a representative 9.9% APR, total amount of credit £16,646.00, deposit of £1,849.00, an initial payment of £215.15, followed by 118 monthly payments of £215.15 with a final payment of £225.15, total amount payable is £27,677.00