Personal Contract Purchase (PCP) representative example
Based on a cash price of £32,095 with a £3,210 deposit total, borrowing £28,886 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£472.66
- Final payment:
£15,153.30
- Cash price:
£32,095.00
- Customer deposit:
£3,209.50
- Total deposit:
£3,209.50
- Amount of credit:
£28,885.50
- Total amount payable:
£40,577.82
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%