Personal Contract Purchase (PCP) representative example
Based on a cash price of £29,495 with a £2,950 deposit total, borrowing £26,546 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£439.76
- Final payment:
£13,618.25
- Cash price:
£29,495.00
- Customer deposit:
£2,949.50
- Total deposit:
£2,949.50
- Amount of credit:
£26,545.50
- Total amount payable:
£37,236.47
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%