PCP Finance representative example

Cash Price £17,991. Deposit £1,000. APR 10.9%. monthly payments £286. Rate of interest 5.66%. Total amount payable £23,573. Term 48 months. Total deposit £1,000. Total amount of credit £16,991. Optional final payment £8,842. Annual mileage 6,000. Excess cost per mile 15 pence.