Personal Contract Purchase (PCP) representative example
Based on a cash price of £26,495 with a £2,650 deposit total, borrowing £23,846 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£395.40
- Final payment:
£12,212.14
- Cash price:
£26,495.00
- Customer deposit:
£2,649.50
- Total deposit:
£2,649.50
- Amount of credit:
£23,845.50
- Total amount payable:
£33,445.44
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%