Representative Example for Hire Purchase (HP): Payable by 48 payments of £255.13. Payments are based on a duration of agreement of 48 months, a Cash Price of £11,095.00, with a deposit of £1,109.50 leaving an amount of credit of £9,985.50. The agreement is calculated using a fixed rate of interest of 5.66% per year resulting in Representative 10.90% APR and a total amount payable of £13,355.74 We act as a credit broker, not a lender.