Personal Contract Purchase (PCP) Representative example -Vauxhall Corsa Electric HB 100kWh SE Premium 50 kWh 5 door auto
Monthly payment £285.00
Duration ( Months)49
Customer Deposit£3000.00
Cash price £25905.84
Dealer finance contribution£1750.00
Total amount of credit £21155.84
Optional final payment£11326.00
Purchase Arrangement fee£0.00
Credit arrangement fee£0.00
Total amount payable£29756.00
Duration ( Months)49
Fixed interest rate p.a. 5.75%
APR Representative5.90%
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.