Personal Contract Purchase (PCP) representative example
Based on a cash price of £17,545 with a £1,755 deposit total, borrowing £15,791 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£266.36
- Final payment:
£7,828.11
- Cash price:
£17,545.00
- Customer deposit:
£1,754.50
- Total deposit:
£1,754.50
- Amount of credit:
£15,790.50
- Total amount payable:
£22,101.53
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%