PCP Finance representative example

Cash Price £15,699. Deposit £1,000. APR 10.9%. monthly payments £264. Rate of interest 5.67%. Total amount payable £20,332. Term 48 months. Total deposit £1,000. Total amount of credit £14,699. Optional final payment £6,651. Annual mileage 6,000. Excess cost per mile 15 pence.