Personal Contract Purchase (PCP) representative example
On the road price of £16,500, with a £3,300 customer deposit, borrowing £13,200 at a representative APR of 11.90%
- 47 monthly payments of£230.42
- Final payment£7,026.00
- Total amount payable£21,155.74
- Annual mileage6,000
- Excess mileage charge12p per mile
- Option to purchase fee£10.00
- Rate of interest11.90%
