Personal Contract Purchase (PCP) representative example
Based on a cash price of £29,795 with a £2,980 deposit total, borrowing £26,816 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£439.61
- Final payment:
£14,020.62
- Cash price:
£29,795.00
- Customer deposit:
£2,979.50
- Total deposit:
£2,979.50
- Amount of credit:
£26,815.50
- Total amount payable:
£37,661.79
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%