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Representative Example for Hire Purchase (HP): Cash price £18,450.00, Annual Interest Rate (fixed) 5.39% p.a., with a representative 10.4% APR, total amount of credit £16,605.00, deposit of £1,845.00, an initial payment of £420.52, followed by 46 monthly payments of £420.52 with a final payment of £430.52, total amount payable is £22,039.96