Personal Contract Purchase (PCP) Representative Example: Car price £16,000.00, Term 5 years, Deposit £0.00, Total amount of credit £16,000.00, Representative APR % fixed rate, Monthly payment £278.64, Option-to-Purchase fee £10.00, Total cost of credit £6,457.81, Total amount payable £22,457.81, Optional final payment £6,018.05, Annual mileage 8,000pa.