Representative Example for Hire Purchase (HP): Cash price £8,295.00, Annual Interest Rate (fixed) 13.9% p.a., with a representative 13.9% APR, total amount of credit £7,466.00, deposit of £829.00, an initial payment of £171.18, followed by 58 monthly payments of £170.18 with a final payment of £170.18, total amount payable is £11,040.80