Car Finance

Representative Example HP
An OTR Cash Price of £12,250.00 with a deposit of £10.00 leaving an amount of credit of £12,240.00. The agreement is resulting a Representative 11.5% APR, Rate of interest 5.99% and a total amount payable of £15,434.88. Payments are based on a duration of agreement of 52 months, with a first monthly payment of £ 296.44, regular monthly payment of £296.44 and a final monthly payment of £306.44.
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What is HP?