PCP Finance representative example

Cash Price £19,999. Deposit £1,750. APR 6.9%. monthly payments £255. Rate of interest 6.9%. Total amount payable £23,885. Term 48 months. Total deposit £1,750. Total amount of credit £18,249. Optional final payment £9,890. Annual mileage 8,000. Excess cost per mile 8 pence. Deposit Contribution £750.