Representative Example for Hire Purchase (HP): Cash price £48,995.00, Annual Interest Rate (fixed) 5.52% p.a., with a representative 9.9% APR, total amount of credit £48,995.00, deposit of £0.00, an initial payment of £633.67, followed by 118 monthly payments of £633.67 with a final payment of £643.67, total amount payable is £76,050.40