Car Finance SECCI Example (PCP with Balloon Payment)

This example shows a SECCI form for a car finance agreement — Personal Contract Purchase (PCP) or hire-purchase — with a balloon payment at the end of the term equal to the vehicle's guaranteed residual value.

The APRC engine treats the arrangement fee as amortised over the loan duration and the balloon as a final scheduled repayment, in line with the Directive 2008/48/EC Annex I formula.

See also the standard consumer credit example and the overdraft example.