Car Finance

Representative Example HP
An OTR Cash Price of £7,000.00 with a deposit of £10.00 leaving an amount of credit of £6,990.00. The agreement is resulting a Representative 11.5% APR, Rate of interest 5.83% and a total amount payable of £7,859.00. Payments are based on a duration of agreement of 25 months, with a first monthly payment of £ 313.56, regular monthly payment of £313.56 and a final monthly payment of £323.56.
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What is HP?