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Payment examples may be derived from varying types of finance and may not be directly comparable. For further information visit our finance section. Credit is subject to status.
Payment examples may be derived from varying types of finance and may not be directly comparable. For further information visit our finance section. Credit is subject to status.
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Personal Contract Purchase (PCP) Representative Example
Below is a representative example of a Personal Contract Purchase agreement detailing the deposit, total amount of credit, monthly payments, and representative APR:
Representative example
PCP
- Cash Price
- £23,270.00
- Customer Deposit
- £4,477.00
- Total Amount of Credit
- £18,793.00
- 47 Monthly Payments of
- £310.83
- Term of Agreement
- 48 months
- Optional Final Payment
- £11,025.00
- Interest Rate (Fixed)
- 9.10%
- Total Amount Payable
- £30,111.01
- Representative APR
- 11.9% APR
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