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Representative example — motorboat finance
Cost of Boat £40,000. Advance Payment £10,000. Amount of Loan £30,000 at an APR (variable) of 15.2%.
Monthly Payment (120 months)£470.32
Interest Rate p.a. (variable)14.25%
Cost of Credit£26,438.40
Total Amount Payable£66,438.40
APR (variable)15.2%
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