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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