PCP Finance representative example

Cash Price £23,499. Deposit £1,000. APR 10.9%. monthly payments £417. Rate of interest 5.67%. Total amount payable £30,441. Term 48 months. Total deposit £1,000. Total amount of credit £22,499. Optional final payment £9,418. Annual mileage 8,000. Excess cost per mile 8 pence.