PCP Finance representative example

Cash Price £20,250. Deposit £1,000. APR 12.9%. monthly payments £358. Rate of interest 12.9%. Total amount payable £27,546. Term 48 months. Total deposit £1,000. Total amount of credit £19,250. Optional final payment £9,361. Annual mileage 8,000. Excess cost per mile 8 pence.