Finance representative example (PCP)
Total cash price £13,750. Borrowing £12,750 with a £1,000 deposit at a representative APR of 8.9%.
- Fixed rate of interest 4.6%
- 48 monthly payments £243.98
- Total amount payable £16,767.04
- Cost of credit £3,017.04
- Optional final payment £4,056.00
- Annual mileage limit 10,000 miles
- Excess mileage charge 4p/mile