PCP Finance representative example

Cash Price £11,649. Deposit £1,000. APR 10.9%. monthly payments £234. Rate of interest 7.01%. Total amount payable £14,387. Term 44 months. Total deposit £1,000. Total amount of credit £10,649. Optional final payment £3,308. Annual mileage 8,000. Excess cost per mile 12 pence.