Personal Contract Purchase (PCP) representative example
Based on a cash price of £55,145 with a £5,515 deposit total, borrowing £49,631 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£799.26
- Final payment:
£26,770.31
- Cash price:
£55,145.00
- Customer deposit:
£5,514.50
- Total deposit:
£5,514.50
- Amount of credit:
£49,630.50
- Total amount payable:
£69,850.03
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%