Personal Contract Purchase (PCP) representative example
Based on a cash price of £29,295 with a £2,930 deposit total, borrowing £26,366 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£484.84
- Final payment:
£10,781.69
- Cash price:
£29,295.00
- Customer deposit:
£2,929.50
- Total deposit:
£2,929.50
- Amount of credit:
£26,365.50
- Total amount payable:
£36,498.67
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%