PCP Finance representative example

Cash Price £12,299. Deposit £1,000. APR 10.9%. monthly payments £213. Rate of interest 7.54%. Total amount payable £15,707. Term 48 months. Total deposit £1,000. Total amount of credit £11,299. Optional final payment £4,703. Annual mileage 6,000. Excess cost per mile 10 pence.