Personal Contract Purchase (PCP) representative example
Based on a cash price of £18,995 with a £1,899 deposit total, borrowing £17,096 at a representative APR of 11.90% and the following:
- 59 monthly payments of:
£339.06
- Final payment:
£2,820.00
- Cash price:
£18,995.00
- Customer deposit:
£1,899.00
- Total deposit:
£1,899.00
- Amount of credit:
£17,096.00
- Total amount payable:
£25,062.60
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
11.30%
- APR:
11.90%