Finance illustrative example Hire Purchase with Balloon: Payable by 48 payments of £275.31. Payments are based on a duration of agreement of 48 Months, 9,000 miles per annum, a Cash Price OTR of £29,038.00 (exc.VAT) with a deposit of £9,445.00 (exc.VAT) leaving an amount of credit of £19,593.00. The agreement is calculated using a fixed rate of interest of representative 2.9% per year and a total amount payable of £30,632.00. The total charge for credit is £1,594.00.