PERSONAL CONTRACT PURCHASE FINANCE EXAMPLE
MONTHLY PAYMENTS- £107.15
APR 8.9%
CASH PRICE £5695
DEPOSIT £107
TOTAL AMOUNT OF CREDIT £5588
INTEREST CHARGES £1126.40
CREDIT FEE £0
PURCHASE FEE £0
TOTAL COST OF CREDIT £1126.40
TOTAL AMOUNT PAYABLE £6821.40
INITIAL PAYMENT £107.15
FINAL PAYMENT £2857.00
DURATION OF AGREEMENT 49
INTEREST RATE FIXED 8.9%
MILES PER ANNUM 8000