PCP Finance representative example

Cash Price £37,995. Deposit £1,000. APR 12.9%. monthly payments £698. Rate of interest 12.9%. Total amount payable £51,875. Term 48 months. Total deposit £1,000. Total amount of credit £36,995. Optional final payment £17,365. Annual mileage 6,000. Excess cost per mile 8 pence.