Personal Contract Purchase (PCP) representative example
Based on a cash price of £13,295 with a £1,330 deposit total, borrowing £11,966 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£224.77
- Final payment:
£4,622.83
- Cash price:
£13,295.00
- Customer deposit:
£1,329.50
- Total deposit:
£1,329.50
- Amount of credit:
£11,965.50
- Total amount payable:
£16,516.52
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%