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The finance product you choose defines the amount you pay each month, your repayment schedule and whether or not you will own the vehicle at the end of the agreement. We have resources available to help you decide which product best suits your lifestyle and budget.
Finance Product | Personal Contract Purchase |
|---|---|
The total duration of the finance agreement in months.
Duration of Agreement | 36 Months |
Sometimes known as the On The Road price, i.e. the total amount of money required to purchase your vehicle if you were to pay by cash.
Cash Price | £27,321.00 |
Your lump sum cash deposit you will pay at the beginning of your agreement which will reduce the amount to finance.
Customer Deposit | £1,000.00 |
The total amount of deposit towards the finance agreement including any contributions. This figure will also include any VAT payable on the purchase of the vehicle.
Total Deposit | £1,000.00 |
The amount of your regular monthly payment to finance your new vehicle.
35 Monthly Payments | £512.69 |
The final payment you will pay if you choose to keep the vehicle at the end of the finance agreement.
Optional Final Payment | £13,548.00 |
The amount that you will borrow within your finance agreement.
Balance to Finance | £26,321.00 |
The total amount of interest you will pay within your finance agreement
Total Charge For Credit | £5,171.15 |
This is the total you will pay for your vehicle using this finance agreement. It includes your deposit, all scheduled monthly payments, any optional final payment (if applicable) plus any interest and fees.
Total Amount Payable | £32,492.15 |
Total Number of Payments payable
Contract Length | 36 Months |
This is the Annual Percentage Rate you are being charged for your finance agreement.
APR | 8.9% APR |
Rate of interest of the amount of credit per annum, fixed for the duration of the agreement.
Interest Rate (Fixed) | 8.54% |
An estimate of your annual mileage during the finance agreement. This estimate is used to calculate the likely future value of the vehicle at the end of the agreement; it is important to be realistic because Excess Mileage charges may be payable if you exceed your expected mileage.
Mileage per annum | 10,000 |
The pence you will pay at the end of the agreement for each mile in excess of the contract mileage
Excess Mileage Charge | 4.80ppm |
Title transfer fee often paid with the final payment.
Option to Purchase Fee | £10.00 |
This is the manufacturer's list specification for this model, please verify the details when you view the vehicle. The list below will not include any additional options fitted to the vehicle or modifications.
This is the manufacturer's list specification for this model, please verify the details when you view the vehicle. The list below will not include any additional options fitted to the vehicle or modifications.
Based on at: p
The fuel prices were last updated as per the national average, and may not be representative of fuel prices in your area.
Buying online is safe, simple and secure. More and more of our customers have enjoyed the simplicity of locating the vehicle they want and completing the sale in the comfort of their own home, in their own time. You can:
If completing the sale online isn’t the right solution for you why not secure the vehicle you want by using our fully refundable reserve online solution? It will remove the vehicle from sale allowing you time to plan a visit to see the car and then complete the purchase with one of our team. If you change your mind, no problem we will refund your fee in full.
| Monday | 08:45 - 18:00 |
| Tuesday | 08:45 - 18:00 |
| Wednesday | 08:45 - 18:00 |
| Thursday | 08:45 - 18:00 |
| Friday | 08:45 - 18:00 |
| Saturday | 09:00 - 17:00 |
| Sunday | 10:00 - 16:00 |
Personal Contract Purchase (PCP) is a finance product that allows you the opportunity to buy a new or a used car.
It is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments over a term typically between 18 to 48 months.
What makes PCP different to Hire Purchase (HP) is that your monthly instalments are paying off the depreciation of the car, and not its entire value, over the course of the term. Then, when you get to the end of your agreement, there is a final, balloon payment that must be made if you want to keep the car. The balloon payment is often referred to also as the Guaranteed Future Value (GFV).
Hire Purchase is a way to finance buying a new or used car. You will normally pay an initial deposit and will pay off the entire value of the car in monthly instalments. When all the payments are made, the Hire Purchase agreement ends, and you own the car outright.
Abbey Garages (Cardiff) Ltd trading as Fordthorne, My Car Journey/Fordthorne Used Vehicles, OMODA and JAECOO, and Cardiff Auto Electrics is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No. 537313). Automotive Compliance Ltd’s permissions as a Principal Firm allows Abbey Garage Limited to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only. We are a credit broker and not a lender. We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor and we act as their agent for this introduction.
We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation. We do not charge you a fee for our services. Whichever lender we introduce you to, we will receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). For your reassurance, all of the lenders we work with could pay commission at different rates, but the commission we receive does not influence the interest rate you will pay. Our aim is to secure finance for you at the lowest interest rate you are eligible for from our panel of lenders. We will tell you (in good time before the agreement is made) the amount of any payments we will receive from Black Horse Ltd. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.
