Personal Contract Purchase (PCP) representative example
Duration
49 Months
48 monthly payments of
£136pm
Deposit
£6,219.00
Retail cash price
£20,730
Acceptance fee*
£0.00
Optional final payment
£9,720.00
Option to purchase fee**
£10.00
Total amount payable
£24,327.88
Total amount of credit
£14,511.00
Representative APR
7.5%APR
Rate of Interest
7.44% fixed
Annual mileage
5,000 per annum
Excess mileage charge
4.8p per mile
Hire Purchase (HP) Agreement example
60 months
60 monthly payments of
£195.62
£3,747.00
£12,490
£15,494.20
Amount of credit
£8,743.00
13.0%APR
12.97% fixed