Personal Contract Hire Example:
Offer 1
48 Monthly Payments of £318.10
On the Road Cash Price £26,295.56
Deposit £4,318.00 - We Pay £4,000 - You Pay £318
Amount of Credit £21,977.56
Interest Charges £2,458.24
Arrangement Fee (usually payable in addition to the first monthly payment) £0.00
Credit Arrangement Fee (usually payable in addition to the final monthly payment) £0.00
Optional final payment* £9,167.00
Fixed Rate of Interest 3.83% pa
Duration of Agreement 49 months
Total Amount Payable £28,753.80
Excess Mileage Charge £0.09
Based on an Annual Mileage of 5,000 pa
Representative APR 3.9% APR