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These illustrations provide a
direct comparison between Hire Purchase and Personal Contract
Plans using an identical sample New or Nearly New vehicle
and deposit amount in both examples.
| Vehicle Price |
£ 18,000.00 |
| Deposit |
£ 2,500.00 |
| Finance Amount |
£ 15,500.00 |
| First Payment |
£ 311.88 |
| 46 Payments x |
£ 251.88 |
| Final Payment |
£ 8,144.40 *optional
|
| Total Repayable |
£ 11,898.36 + *optional
|
| Excess Mileage |
£ .09 *ppm
|
| APR |
9.9% |
|
| Vehicle
Price |
£ 18,000.00 |
| Deposit |
£ 2,500.00 |
| Finance
Amount |
£ 15,500.00 |
| First Payment |
£ 427.06 |
| 46 Payments
x |
£ 387.06 |
| Final Payment |
£ 427.06 |
| Total Repayable |
£ 18,231.82 |
| Excess Mileage |
£ not applicable |
| APR |
9.9% |
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PCP Plan
*ppm
excess end of term pence per mile charged
*optional payment
option 1 pay the amount – you then own the vehicle
option 2 surrender the vehicle with no penalties-subject to
condition & mileage
option 3 use the vehicle equity as deposit for your next new
vehicle contract
PCP & Hire Purchase
Other schedules, vehicle values, deposits and periods available
Finance subject to status - terms and conditions apply
For further enquiries please visit our contact
page or call, fax or write to us.
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