PCP Finance representative example

Cash Price £22,700. Deposit £1,000. APR 10.9%. monthly payments £372. Rate of interest 10.9%. Total amount payable £29,752. Term 48 months. Total deposit £1,000. Total amount of credit £21,700. Optional final payment £10,902. Annual mileage 6,000. Excess cost per mile 8 pence.