Personal Contract Purchase (PCP) representative example
Based on a cash price of £25,295 with a £2,530 deposit total, borrowing £22,766 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£353.41
- Final payment:
£13,033.39
- Cash price:
£25,295.00
- Customer deposit:
£2,529.50
- Total deposit:
£2,529.50
- Amount of credit:
£22,765.50
- Total amount payable:
£32,173.16
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%