Car Finance

Representative Example HP
An OTR Cash Price of £6,650.00 with a deposit of £10.00 leaving an amount of credit of £6,640.00. The agreement is resulting a Representative 11.5% APR, Rate of interest 6.03% and a total amount payable of £8,661.80. Payments are based on a duration of agreement of 60 months, with a first monthly payment of £ 144.03, regular monthly payment of £144.03 and a final monthly payment of £154.03.
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What is HP?