Personal Contract Purchase (PCP) representative example

Based on an on the road price of £31,723.92, with a £2,800.00 customer deposit and £1,060.00 finance deposit allowance, borrowing £27,863.92 at a representative APR of 3.5%. 49 monthly payments of £325.00. Fixed rate of interest per annum 1.8%. Optional final payment £15,318.00. Amount of interest £3,054.08. Total amount payable £34,778.00. Annual mileage limit 6,000 miles. Excess mileage charge 14.9p per mile. On the road price includes a retailer discount of £1,591.08.