Personal Contract Purchase (PCP) representative example
Based on a cash price of £26,645 with a £2,665 deposit total, borrowing £23,981 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£356.86
- Final payment:
£14,609.08
- Cash price:
£26,645.00
- Customer deposit:
£2,664.50
- Total deposit:
£2,664.50
- Amount of credit:
£23,980.50
- Total amount payable:
£34,046.00
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%