- 2018 (68 reg)
- 16,000 miles
- 5 seats
Silver, 1 owner, Motorline Peugeot Gatwick a family run business now in Crawley. …
per month (PCP)
PCP representative example
|Contract Length||48 months|
|Total amount of credit||£21,500.00|
|Total amount payable||£31,693.89|
|Total charges payable||£7,193.89|
|Fixed rate of interest pa||11.28%|
|Optional final payment||£9,571.00|
|Option to purchase fee||£10.00|
What is PCP?
Personal contract purchase (PCP) is a flexible way to finance a vehicle. You pay an initial deposit followed by monthly payments (including interest), then at the end of the agreement you have three options:
- Buy the vehicle by paying the optional final payment (also known as balloon payment) and the optional purchase fee.
- Return the vehicle to the dealer and walk away. There may be additional charges if it’s damaged or you’ve exceeded the mileage allowance.
- Get a new vehicle on another PCP deal. If the vehicle is worth more than the optional final payment, you can use it as a deposit for your next vehicle.