Representative Example for Hire Purchase (HP): Payable by 60 payments of £70.12. Payments are based on a duration of agreement of 60 months, a Cash Price of £2,995.00, with a deposit of £299.50 leaving an amount of credit of £4,506.70. The agreement is calculated using a fixed rate of interest of 11.22% per year resulting in Representative 20.90% APR and a total amount payable of £4,506.70 We act as a credit broker, not a lender.