PCP Finance representative example

Cash Price £15,495. Deposit £1,000. APR 10.9%. monthly payments £270. Rate of interest 5.67%. Total amount payable £19,953. Term 48 months. Total deposit £1,000. Total amount of credit £14,495. Optional final payment £5,997. Annual mileage 6,000. Excess cost per mile 15 pence.