Personal Contract Purchase (PCP) representative example
On the road price of £18,500, with a £3,700 customer deposit, borrowing £14,800 at a representative APR of 11.90%
- 47 monthly payments of£250.22
- Final payment£8,360.00
- Total amount payable£23,820.34
- Annual mileage6,000
- Excess mileage charge13p per mile
- Option to purchase fee£10.00
- Rate of interest11.90%
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