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Representative Example for Hire Purchase (HP): Cash price £18,600.00, Annual Interest Rate (fixed) 5.39% p.a., with a representative 10.4% APR, total amount of credit £16,740.00, deposit of £1,860.00, an initial payment of £423.94, followed by 46 monthly payments of £423.94 with a final payment of £433.94, total amount payable is £22,219.12