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Representative Example for Personal Contract Purchase (PCP): Cash price £12,995.00, Annual Interest Rate (fixed) 7.9% p.a., with a representative 7.9% APR, total amount of credit £11,696.00, deposit of £1,299.00, an initial payment of £171.64, followed by 58 monthly payments of £171.64 with a final payment of £4,787.40, total amount payable is £16,213.16, the annual mileage is 10,000 and the excess mileage fee per mile is £0.03. Pay monthly then buy, swap or return
Finance Representative
Product
HP
Cash Price
£14,995.00
Deposit
£1,499.00
Total Amount of Credit
£13,496.00
Total Amount Payable
£17,775.60
Administration Fee
£0.00
Option to Purchase Fee
£10.00
Fixed Rate
4.11%
Duration of Agreement
60
Initial Payment
£271.11
Monthly Payment
£271.11
x
58
Final Payment
£281.11
APR Representative
7.9%