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Representative Example
Lease Purchase: Payable by 48 payments of £474.53. Payments are based on a duration of agreement of 48 months, a Cash Price OTR of £21,750.00 with a deposit of £2,175.00 leaving an amount of credit of £19,575.00. The agreement is calculated using a fixed rate of interest of 4.09% per year resulting in Representative 7.9% APR and a total amount payable of £29,303.44