PCP Finance representative example

Cash Price £26,299. Deposit £1,400. APR 10.9%. monthly payments £405. Rate of interest 10.9%. Total amount payable £34,639. Term 48 months. Total deposit £1,400. Total amount of credit £24,899. Optional final payment £13,777. Annual mileage 6,000. Excess cost per mile 8 pence. Deposit Contribution £400.