Representative Example for Hire Purchase (HP): Cash price £18,495.00, Annual Interest Rate (fixed) 5.18% p.a., with a representative 9.9% APR, total amount of credit £17,495.00, deposit of £1,000.00, an initial payment of £367.44, followed by 58 monthly payments of £367.44 with a final payment of £377.44, total amount payable is £23,056.40