Personal Contract Purchase (PCP) representative example
On the road price of £23,500, with a £4,700 customer deposit, borrowing £18,800 at a representative APR of 11.90%
- 47 monthly payments of£349.86
- Final payment£8,720.00
- Total amount payable£29,863.42
- Annual mileage6,000
- Excess mileage charge18p per mile
- Option to purchase fee£10.00
- Rate of interest11.90%
