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Whether it is a new or a pre-owned car you are looking for, this flexible finance plan may help you change your vehicle at more regular intervals and give you lower monthly payments, meaning a new vehicle more often! With part of the cost of the vehicle being deferred until the end of the agreement, your investment is protected against the risk of an unexpected fall in used vehicle values.
Example of a Morgan PCP Agreement
Duration of agreement | 2 years |
Monthly payments of | £299.98 |
Deposit | £7,810.80 |
Cash price + OTR | £39,054 |
Acceptance fee | £199 |
Optional final payment | £27,556.50 |
Options fee | £149 |
Total amount payable | £42,455.82 |
Total amount of credit | £34,756.02 |
Representative APR | 5.9% fixed |