Personal Contract Purchase (PCP) representative example
Based on a cash price of £17,495 with a £1,750 deposit total, borrowing £15,746 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£256.33
- Final payment:
£8,335.31
- Cash price:
£17,495.00
- Customer deposit:
£1,749.50
- Total deposit:
£1,749.50
- Amount of credit:
£15,745.50
- Total amount payable:
£22,132.32
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%