Personal Contract Purchase (PCP) finance representative example – Volkswagen Golf 1.6 TDI S 5dr. Mileage 10,128.
Based on a cash price of £16,000.00 and total deposit of £1,600.00, the total amount of credit would be £14,400.00. Your first payment of £257.50 will be followed by 47 payments of £257.50, with an optional final payment of £6,104.00 which includes a £10.00 option to purchase fee. This is based on an annual mileage of 10,000 with excess mileage charged at 15p per mile. The duration of the agreement is 49 months and all fees are included in these payments. The total amount payable of £20,064.00 includes interest charges of £4,054.00 at an annual fixed interest rate of 9.46% Representative 9.9% APR.