Personal Contract Purchase (PCP) representative example
On the road price of £43,000, with a £8,600 customer deposit, borrowing £34,400 at a representative APR of 11.90%
- 47 monthly payments of£676.09
- Final payment£13,825.00
- Total amount payable£54,201.23
- Annual mileage6,000
- Excess mileage charge29p per mile
- Option to purchase fee£10.00
- Rate of interest11.90%
