Personal Contract Purchase (PCP) representative example
Based on a cash price of £25,995 with a £2,600 deposit total, borrowing £23,396 at a representative APR of 9.90% and the following:
- 59 monthly payments of:
£355.81
- Final payment:
£10,687.76
- Cash price:
£25,995.00
- Customer deposit:
£2,599.50
- Total deposit:
£2,599.50
- Amount of credit:
£23,395.50
- Total amount payable:
£34,280.05
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%