PCP Finance representative example

Cash Price £24,495. Deposit £1,000. APR 10.9%. monthly payments £392. Rate of interest 5.67%. Total amount payable £32,251. Term 48 months. Total deposit £1,000. Total amount of credit £23,495. Optional final payment £12,422. Annual mileage 8,000. Excess cost per mile 15 pence.