PCP figures

[carlpea]

Could someone explain how these figures add up?



0% APR I work it out to be £678.74 per month.

[Sheepshanks]

There's only 47 payments.

[carlpea]

Sheepshanks said:

There's only 47 payments.

Idiot! Thanks, I thought it would be something stupid :|.

[RL17]

You need to divide by 47 for the smaller monthly payments as the final 48th payment is the £31,420.

[carlpea]

RL17 said:

You need to divide by 47 for the smaller monthly payments as the final 48th payment is the £31,420.

Thanks I've now realised the error on my part.

[Sheepshanks]

You have to watch that though - we had a Honda on a 2yr deal and it was 25 payments and a VW was 37.

The Honda was a 0% deal so it didn't matter but it took me ages to figure out what VW had done. I was withdrawing anyway but the salesman was very focussed on the monthly cost and I'd have been miffed to have to pay an extra month.