Finance Representative Example ()
Total cash price £.
Borrowing £ with a
£ deposit at a representative APR of
%.
Total amount payable £.
| monthly payments of |
£ |
| Representative APR |
% |
| Fixed interest rate |
% |
| Final payment |
£ |
| Option to purchase fee |
£ |
| Total amount of credit |
|
| Interest charges of |
£ |
| Annual mileage limit |
|
| Excess mileage fee |
p / per mile |
|
monthly payments of |
Representative APR |
Fixed interest rate |
Final payment |
Option to purchase fee |
Total amount of credit |
Interest charges of |
Annual mileage limit |
Excess mileage fee |
|
£ |
% |
% |
£ |
£ |
|
£ |
|
p / per mile |
At the end of your PCP agreement, there are 3 options available to you. These are 1. Pay the finance company the final payment and keep the car. 2. Give back the car under the terms of the guaranteed future value. 3. Part exchange the car at a dealership who will pay off the final payment for you.
