Representative finance example - Brand New BMW X1 | |
---|---|
£599 | Monthly payment |
£2,499 | Deposit |
47 | Term (months) |
7.5% | Fixed interest rate |
£41,376 | Cash price |
£1,907.44 | Arnold Clark deposit |
£36,969.56 | Credit amount |
£18,451.80 | Guaranteed future value |
£51,011.24 | Total amount payable |
32,000 | Contract mileage |
12.75p per mile | Excess mileage charge |
8.9% APR | Representative |