Personal Contract Purchase (PCP) Representative Example
Vauxhall Grandland, 1.6 Hybrid, GS Line, 5dr Auto
Monthly Payment£479.99
Duration (Months)49
Customer Deposit£3,943.12
Cash Price£35,170.00
Dealer Finance Contribution£0000
Total Amount of Credit£31,226.12
Optional Final Payment£14,978.00
Purchase Arrangement Fee£0.00
Credit Arrangement Fee£0.00
Total Amount Payable£41,434.12
Duration (Months)49
Fixed Interest Rate p.a.6.69%
APR Representative6.90%
Annual Mileage8000.00
Additional Mileage Rate0.09
At the end of the agreement there are 3 options: (i) Renew: Part exchange the vehicle. (ii) Retain: Pay the Optional Final Payment to own the vehicle or (iii) Return the vehicle.