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Finance representative example Personal Contract Purchase: Payable by 36 payments of £232.11 and a final payment of £8,529.99. Payments are based on a duration of agreement of 37 months, 6,000 miles per annum, a Cash Price OTR of £16,295.00 with a deposit of £1,600.00 and a deposit contribution of £500.00, leaving an amount of credit of £14,195.00. The agreement is calculated using a fixed rate of interest of 4.06% per year resulting in Representative 7.9% APR and a total amount payable of £18,985.95. Excess mileage will be charged at the rate of 9.0 pence per mile (including VAT) for the first 5,000 miles and at twice that rate thereafter.
