Additional Agreement Information

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To ensure that our customers receive the best possible service from us there are some occasions where amendments may be needed to our agreements.  

All agreement mends or additions will be listed below:

10/02/14 - PCP agreements Rate of Interest

The 'Rate of Interest' shown on the PCP (Personal Contract Purchase Plan) agreement, is the pure interest rate that we use to calculate the amount of Interest you are charged on the agreement, which is fixed throughout the term.  This will differ from the dealer rate shown in the 'point of sale' system, as that rate is adjusted to reflect the deferred capital repyment of the final payment/Guaranteed Future Value in the agreement calculations.  

10/02/14 - VAT Assist Rate of Interest

The 'Rate of Interest' shown on the VAT Assist agreement, is the pure interest rate that we use to calclate the amount of Interest you are charged on the agreement, which is fixed throughout the term.  This will differ from the dealer rate shown in the 'point of sale' system, as the rate is adjusted to reflect the deferred capital repayment of the 3rd installment (VAT equivalent amount) in the agreement calculations.

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