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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
- £18,917.00
- Customer Deposit
- £4,128.00
- Total Amount of Credit
- £14,789.00
- 47 Monthly Payments of
- £258.55
- Term of Agreement
- 48 months
- Optional Final Payment
- £8,392.50
- Interest Rate (Fixed)
- 9.73%
- Total Amount Payable
- £24,672.35
- Representative APR
- 12.9% APR
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