PCP Finance representative example

Cash Price £41,340. Deposit £1,000. APR 9.9%. monthly payments £797. Rate of interest 9.9%. Total amount payable £51,801. Term 48 months. Total deposit £1,000. Total amount of credit £40,340. Optional final payment £13,319. Annual mileage 6,000. Excess cost per mile 7 pence.