PCP Finance representative example

Cash Price £29,991. Deposit £1,250. APR 8.9%. monthly payments £412. Rate of interest 4.61%. Total amount payable £38,086. Term 48 months. Total deposit £1,250. Total amount of credit £28,741. Optional final payment £17,064. Annual mileage 6,000. Excess cost per mile 15 pence. Deposit Contribution £250.