Personal Contract Purchase (PCP) representative example
Based on a cash price of £30,145 with a £3,015 deposit total, borrowing £27,131 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£454.30
- Final payment:
£13,641.57
- Cash price:
£30,145.00
- Customer deposit:
£3,014.50
- Total deposit:
£3,014.50
- Amount of credit:
£27,130.50
- Total amount payable:
£38,008.17
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%