Personal Contract Purchase (PCP) representative example
Based on a cash price of £21,645 with a £2,165 deposit total, borrowing £19,481 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£333.91
- Final payment:
£9,354.98
- Cash price:
£21,645.00
- Customer deposit:
£2,164.50
- Total deposit:
£2,164.50
- Amount of credit:
£19,480.50
- Total amount payable:
£27,213.25
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%