PCP Finance representative example

Cash Price £19,499. Deposit £1,250. APR 10.9%. monthly payments £287. Rate of interest 10.9%. Total amount payable £25,729. Term 48 months. Total deposit £1,250. Total amount of credit £18,249. Optional final payment £10,695. Annual mileage 6,000. Excess cost per mile 8 pence. Deposit Contribution £250.