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Representative Example for Hire Purchase (HP): Cash price £17,650.00, Annual Interest Rate (fixed) 5.38% p.a., with a representative 10.4% APR, total amount of credit £15,885.00, deposit of £1,765.00, an initial payment of £402.16, followed by 46 monthly payments of £402.16 with a final payment of £412.16, total amount payable is £21,078.68