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Discussion Starter · #1 ·
Hi,

I've posted something similar as a reply but would like to get a wider view. I've spent the last few weeks getting quotes and researching the best options for a JCW. The deals pretty much always work out (after some pushing) @ 10.7% APR (they start at 12.5% ish).

I'd be interested in knowing if there's any further push available on this figure?

The way to work the APR out (as an excel formula) is as follows:

=RATE(term in months, monthly payments as a negative, amount to financial as a positive, final payment as a negative)*12

e.g.

3 year term
317 per month
£19,189 (i.e. JCW with Chilli, ,etc minus £4,250 part-ex)
£13,133 final payment

would be
=RATE(36,-317,19189,-13133)*12

10.88% APR

Cheers

Matt

PS. This doesn't really work you intend to terminate before the end of the agreement as the flat rate PCP deals work differently.

PSS. Another way of getting a rough figure is to dual the flat rate quoted to you.
 
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