Personal Contract Purchase (PCP) representative example
Based on a cash price of £19,295 with a £1,930 deposit total, borrowing £17,366 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£286.19
- Final payment:
£8,994.03
- Cash price:
£19,295.00
- Customer deposit:
£1,929.50
- Total deposit:
£1,929.50
- Amount of credit:
£17,365.50
- Total amount payable:
£24,374.46
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%