Personal Contract Purchase (PCP) Representative Example: Car price £27,500.00, Term 4 years, Deposit £2,750.00, Total amount of credit £24,750.00, Representative APR 10.9% fixed rate, Monthly payment £392.47, Total cost of credit £8,291.09, Total amount payable £35,791.09, Optional final payment £14,595.00, Annual mileage 8,000pa.