Personal Contract Purchase (PCP) representative example
Based on a cash price of £35,995 with a £3,600 deposit total, borrowing £32,396 at a representative APR of 11.90% and the following:
- 36 monthly payments of:
£629.80
- Final payment:
£18,727.00
- Cash price:
£35,995.00
- Customer deposit:
£3,599.50
- Total deposit:
£3,599.50
- Amount of credit:
£32,395.50
- Total amount payable:
£44,999.30
- Option to purchase fee:
£10.00
- Documentation fee:
£0.00
- Rate of interest:
11.29%
- APR:
11.90%