Personal Contract Purchase (PCP) | Hire Purchase (HP) | Personal Loan |
---|---|---|
Amount borrowed: £22,500 | Amount borrowed: £22,500 | Amount borrowed: £22,500 |
47 monthly payments: £416.37 | 47 monthly payments: £545.37 | 47 monthly payments: £517 |
APR: 7.9% | APR: 7.9% | APR: 4% |
Estimated (optional) final payment: £7,631 | Estimated (optional) final payment: £546.37 | No final payment |
Estimated overall repayment: £27,200.39 | Estimated overall repayment: £26,178.76 | Estimated overall repayment: £24,345 |