PCP Finance representative example

Cash Price £15,950. Deposit £1,000. APR 10.9%. monthly payments £259. Rate of interest 5.67%. Total amount payable £20,771. Term 48 months. Total deposit £1,000. Total amount of credit £14,950. Optional final payment £7,323. Annual mileage 8,000. Excess cost per mile 8 pence.