PCP Finance representative example

Cash Price £15,999. Deposit £4,200. APR 9.9%. monthly payments £306. Rate of interest 5.14%. Total amount payable £23,020. Term 48 months. Total deposit £4,200. Total amount of credit £14,999. Optional final payment £4,110. Annual mileage 8,000. Excess cost per mile 15 pence.