Personal Contract Purchase (PCP) representative example
Based on a cash price of £9,795 with a £980 deposit total, borrowing £8,816 at a representative APR of 9.90% and the following:
- 59 monthly payments of:
£152.18
- Final payment:
£2,661.96
- Cash price:
£9,795.00
- Customer deposit:
£979.50
- Total deposit:
£979.50
- Amount of credit:
£8,815.50
- Total amount payable:
£12,620.08
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%