Personal Contract Purchase
Representative Example
Mg Motor Uk ZS Hatchback 1.5 VtiTech Exclusive 5Dr (2020 On)
Cash price of vehicle £18,495.00
Deposit £294.00
Amount of credit £18,201.00
Interest £4,806.18
Total charge for credit £4,806.18
Interest rate (fixed for the duration of the
agreement) 4.61%
Representative 8.9% APR
The credit and the charge for credit is
repayable by
48 monthly payments of £294.91
1 final payment of £8,851.50
The guaranteed future value is £8,851.50
Total amount payable £23,301.18
Duration of the agreement 49 months