Toyota Personal Contract Purchase Representative example*
| PERSONAL CONTRACT PURCHASE (PCP) |
| Monthly Payment |
£299 |
| Customer Deposit |
£7,026 |
| Deposit Contribution |
£1,000 |
| Cash price |
£35,495 Electric Car Grant (Included in cash price) |
| APR |
0% APR Representative* |
| Term |
42Months |
| Amount Of Credit |
£27,469 |
| Guaranteed Future Value / Optional Final Payment |
£15,120 |
| Total Amount Payable |
£35,495 |
| Fixed Rate Of Interest (Per Annum) |
0.00% |
| Excess Mileage (pence per mile) |
6p+VAT |
| Annual Mileage |
8,000 |
Based on 8,000 miles per annum
With Personal Contract Purchase (PCP) you have the option after you have paid all of the regular monthly repayments to:
(1) Return the vehicle and not pay the Optional Final Repayment. In this example if the vehicle has exceeded the contracted miles, a charge of 17p (including VAT at 20%) will apply per excess mile. If the vehicle is in good condition (fair wear and tear accepted) and has not exceeded the contracted miles you will have nothing further to pay.
(2) Pay the Optional Final Repayment to own the vehicle or
(3) Part exchange the vehicle subject to settlement of your existing finance agreement; new finance agreements are subject to status.
