PCP Finance representative example

Cash Price £18,250. Deposit £1,000. APR 10.9%. monthly payments £311. Rate of interest 5.67%. Total amount payable £23,677. Term 48 months. Total deposit £1,000. Total amount of credit £17,250. Optional final payment £7,755. Annual mileage 8,000. Excess cost per mile 8 pence.