PCP Finance representative example

Cash Price £14,499. Deposit £1,400. APR 10.9%. monthly payments £229. Rate of interest 10.9%. Total amount payable £18,701. Term 48 months. Total deposit £1,400. Total amount of credit £13,099. Optional final payment £6,302. Annual mileage 8,000. Excess cost per mile 8 pence. Deposit Contribution £400.