PCP Finance representative example

Cash Price £14,500. Deposit £3,900. APR 9.9%. monthly payments £309. Rate of interest 5.14%. Total amount payable £20,489. Term 48 months. Total deposit £3,900. Total amount of credit £13,500. Optional final payment £1,754. Annual mileage 6,000. Excess cost per mile 15 pence.