PCP Finance representative example

Cash Price £29,950. Deposit £1,000. APR 9.9%. monthly payments £524. Rate of interest 9.9%. Total amount payable £37,945. Term 48 months. Total deposit £1,000. Total amount of credit £28,950. Optional final payment £12,320. Annual mileage 6,000. Excess cost per mile 7 pence.