PCP Finance representative example

Cash Price £23,450. Deposit £1,000. APR 10.9%. monthly payments £400. Rate of interest 10.9%. Total amount payable £30,572. Term 48 months. Total deposit £1,000. Total amount of credit £22,450. Optional final payment £10,396. Annual mileage 6,000. Excess cost per mile 8 pence.