Personal Contract Purchase (PCP) representative example
On the road price of £13,000, with a £2,600 customer deposit, borrowing £10,400 at a representative APR of 11.90%
- 25 monthly payments of£261.91
- Final payment£5,856.00
- Total amount payable£15,003.75
- Annual mileage6,000
- Excess mileage charge7p per mile
- Option to purchase fee£10.00
- Rate of interest11.90%
