Used Vehicles

Personal Contract Purchase (PCP) representative example

Based on a cash price of £13,995 with a £1,400 deposit total, borrowing £12,596 at a representative APR of 11.90% and the following:

• 47 monthly payments of: £236.04
• Final payment: £5,745.00
• Cash price: £13,995.00
• Customer deposit: £1,399.50
• Total deposit: £1,399.50
• Amount of credit: £12,595.50
• Total amount payable: £18,238.38
• Option to purchase fee: £10.00
• Documentation fee: £0.00
• Rate of interest: 11.28%
• APR: 11.90%