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REPRESENTATIVE FINANCE EXAMPLE
Selections Personal Contract Plan representative example through RCI Finance Limited
|Duration of credit agreement (months)||49|
|Followed by 46 instalments of||£399.40|
|Followed by one payment of||£399.35|
|Manufacturer deposit contribution||£500.00|
|Lookers deposit contribution||£871.00|
|Total amount of credit||£27,725.00|
|Option to purchase fee||£0.00|
|Total charge for credit (inc. interest & fees)||£3,110.62|
|Optional final payment||£12,535.47|
|Total amount payable||£32,605.62|
|Interest rate (fixed)||2.50%|
|Excess mileage charge per mile||8p|
*Terms & Conditions
Retail sales only. Not for Business Users. Subject to model and colour availability at Lookers Renault on vehicles registered between 04/01/2019 - 31/03/2019 and may change without further notice. Offer valid until 31st March 2019.
No other offers may be used in conjunction with the above detailed offer. Representative 4.90% APR finance available on Personal Contract Purchase over 48 months. Customer deposit will vary depending on the model - see Representative Examples above. Other terms available (24, 30, 36, 48 months) At the beginning of the personal contract the legal owner is RCI Finance and 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.
Further charges may be made subject to the condition of the vehicle. You will not own the vehicle until all payments are made. Finance subject to status. Terms and conditions apply. Applicants must be 18 or over. Guarantees/indemnities may be required. Finance agreement provided by RCI Financial Services 78 At Albans Rd, Herts, WD17 1AF.
Representative example is based on mileage of 6,000 miles per annum. Excess mileage charge of 8p per mile applies.
Lookers PLC is a credit broker, not a lender. Lookers PLC can introduce you to a limited number of carefully selected finance providers. We may receive a commission from them for the introduction.
Annual Percentage Rate (APR) is the total rate of interest that is charged against the advance/amount of finance borrowed by a customer. The APR includes the flat/fixed interest rate charged by the lender, plus any other administration fees or charges incorporated into the agreement.
Equity is the deposited difference between the value of a vehicle and any money owed on that vehicle.
Late or missed payments are likely to impact your credit score.