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Representative Example for Hire Purchase (HP): Cash price £16,500.00, Annual Interest Rate (fixed) 5.13% p.a., with a representative 9.9% APR, total amount of credit £14,850.00, deposit of £1,650.00, an initial payment of £372.92, followed by 46 monthly payments of £372.92 with a final payment of £372.92, total amount payable is £19,550.16