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Representative Example for Hire Purchase (HP): Cash price £6,499.00, Annual Interest Rate (fixed) 6.71% p.a., with a representative 12.9% APR, total amount of credit £5,850.00, deposit of £649.00, an initial payment of £154.61, followed by 46 monthly payments of £154.61 with a final payment of £154.61, total amount payable is £8,070.28