Finance representative example (PCP)

Borrowing £12,750 with a £2,245 deposit at a representative APR of 10.9%, fixed interest rate of 10.4%, 48 monthly payments of £230.40 followed by 1 optional payment of £5,876.39 including a £10 option to purchase fee, total cost of credit is £3,955.19, total amount payable is £18,950.19, annual mileage limit of 10,000 miles and an excess mileage charge of 2.44 pence p/mile.