Personal Contract Purchase (PCP) Representative example -Vauxhall Mokka H/B 1.2 Turbo 100 SE Edition
Monthly payment £245.00
Duration ( Months)49
Customer Deposit£3000.00
Cash price £21663.39
Dealer finance contribution£500.00
Total amount of credit £18163.39
Optional final payment£9093.00
Purchase Arrangement fee£0.00
Credit arrangement fee£0.00
Total amount payable£24353.00
Duration ( Months)49
Fixed interest rate p.a. 4.79%
APR Representative4.90%
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.