Used Cars

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 12.90% and the following:

• 47 monthly payments of: £449.16
• Final payment: £10,849.00
• Cash price: £25,995.00
• Customer deposit: £2,599.50
• Total deposit: £2,599.50
• Amount of credit: £23,395.50
• Total amount payable: £34,559.02
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 12.18%
• APR: 12.90%