Pcp Car Finance Calculator Spreadsheet [BEST]
Pcp Car Finance Calculator Spreadsheet === https://cinurl.com/2td6wM
The average car in the UK is priced at £14,000, which makes it relatively affordable to finance, compared to other less basic models that cost £22,000 at the most. In addition to this, the average car finance repayment is around £200 per month, which means you can potentially finance a car for a year without incident. For example, if you finance a car for 12 months at a rate of 10% APR, you will be liable for £2,400 in repayments, which leaves you with £1,600 to put towards your car.
When considering your monthly finance repayments, it is important to not only consider the cost of the car itself, but also the gas, insurance, repair and maintenance costs. As well as this, you need to take into account the major costs that can affect your life, including going to university, maintaining a home and minding your health.
Therefore, it is important to consider all of these costs when assessing your finance options, especially when car prices are rising. Once you have chosen which type of finance you wish to apply for, there are a variety of different loan types you can apply for, which include the following:
These finance plans have fixed rates of interest. The rate of interest on a PCP will fluctuate depending on your credit rating, and the amount you borrow. The borrower pays all the interest during the finance term up to the loan's final balloon payment. Unfortunately, the borrower must settle all outstanding loan amounts on the balloon payment, even if the total amount of this payment is less than the value of the car.
No interest is charged for this finance option, but all repayment amounts due during the term are still paid up, including any balloon payments. However, if your product is a PCP, you must choose a balloon payment amount that is not greater than the balance due. d2c66b5586