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Representative Example for Hire Purchase (HP): Cash price £18,490.00, Annual Interest Rate (fixed) 5.39% p.a., with a representative 10.4% APR, total amount of credit £16,641.00, deposit of £1,849.00, an initial payment of £421.43, followed by 46 monthly payments of £421.43 with a final payment of £431.43, total amount payable is £22,087.64