PCP Finance representative example

Cash Price £16,399. Deposit £1,400. APR 10.9%. monthly payments £268. Rate of interest 10.9%. Total amount payable £21,140. Term 48 months. Total deposit £1,400. Total amount of credit £14,999. Optional final payment £6,854. Annual mileage 8,000. Excess cost per mile 8 pence. Deposit Contribution £400.