Finance Representative Example ()
Total cash price £.
Borrowing £ with a
£ deposit at a representative APR of
%.
Total amount payable £.
| monthly payments of | £ |
|---|
| Representative APR | % |
|---|
| Fixed interest rate | % |
|---|
| Final payment | £ |
|---|
| Option to purchase fee | £ |
|---|
| Total amount of credit | |
|---|
| Interest charges of | £ |
|---|
| Annual mileage limit | |
|---|
| Excess mileage fee | p / per mile |
|---|
|
| monthly payments of | Representative APR | Fixed interest rate | Final payment | Option to purchase fee | Total amount of credit | Interest charges of | Annual mileage limit | Excess mileage fee |
|---|
| £ | % | % | £ | £ | | £ | | p / per mile |
At the end of your PCP agreement, there are 3 options available to you. These are 1. Pay the finance company the final payment and keep the car. 2. Give back the car under the terms of the guaranteed future value. 3. Part exchange the car at a dealership who will pay off the final payment for you.
MotoNovo Finance limited. Registered in Wales under Company No 11556144. Registered Office: One Central Square, Cardiff, Wales, United Kingdom, CF10 1FS. Authorised and regulated by the Financial Conduct Authority. Indemnities may be required in certain circumstances. Finance is only available to UK residents aged 18 or over, subject to status.Terms and Conditions apply. On a PCP product you do not have to pay the Final Payment ONLY if you return the vehicle at the end of the agreement, you have paid all other amounts due, the vehicle is in good condition and has been serviced in accordance with the service book. Excess Mileage charges may apply along with other terms and conditions, which will be contained within the finance agreement.
