Personal Contract Purchase (PCP) representative example
Based on a cash price of £28,445 with a £2,845 deposit total, borrowing £25,601 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£425.98
- Final payment:
£13,026.12
- Cash price:
£28,445.00
- Customer deposit:
£2,844.50
- Total deposit:
£2,844.50
- Amount of credit:
£25,600.50
- Total amount payable:
£35,891.68
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%