PCP Finance representative example

Cash Price £22,495. Deposit £1,000. APR 10.9%. monthly payments £368. Rate of interest 5.67%. Total amount payable £29,483. Term 48 months. Total deposit £1,000. Total amount of credit £21,495. Optional final payment £10,810. Annual mileage 6,000. Excess cost per mile 15 pence.