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Representative PCP Example
Number of monthly payments 48
Monthly payment rate £225
First monthly payment £225
Final payment £4,635
Cash price £12,000
Deposit £1,000
Dealer deposit contribution £0
Amount of credit £11,000
Payable amount £16,219
Option to purchase fee £0
Documentation fee £0
APR 13.9%
Rate of interest 13.91%
Term 48