Personal Contract Purchase (PCP) representative example
On the road price of £12,500, with a £2,500 customer deposit, borrowing £10,000 at a representative APR of 11.90%
- 47 monthly payments of£186.32
- Final payment£4,625.00
- Total amount payable£15,882.04
- Annual mileage6,000
- Excess mileage charge7p per mile
- Option to purchase fee£10.00
- Rate of interest11.90%
