Personal Contract Purchase (PCP) representative example
Based on a cash price of £17,795 with a £1,780 deposit total, borrowing £16,016 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£249.77
- Final payment:
£9,103.68
- Cash price:
£17,795.00
- Customer deposit:
£1,779.50
- Total deposit:
£1,779.50
- Amount of credit:
£16,015.50
- Total amount payable:
£22,622.37
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%