Representative finance example - Brand New BMW 2 Series | |
---|---|
£689 | Monthly payment |
£3,999 | Deposit |
47 | Term (months) |
6.5% | Fixed interest rate |
£50,097 | Cash price |
£707.09 | Arnold Clark deposit |
£45,390.91 | Credit amount |
£23,684.40 | Guaranteed future value |
£60,773.49 | Total amount payable |
32,000 | Contract mileage |
15.37p per mile | Excess mileage charge |
7.9% APR | Representative |