PCP Finance representative example

Cash Price £18,999. Deposit £1,000. APR 10.9%. monthly payments £318. Rate of interest 10.9%. Total amount payable £24,735. Term 48 months. Total deposit £1,000. Total amount of credit £17,999. Optional final payment £8,464. Annual mileage 8,000. Excess cost per mile 8 pence.