PCP monthly payments

[z4me]

Now know why I've never gone down this route, can't understand the bloody things. Given the following figures, anyone know what the monthly payments should be ?

Amount to finance = £24,967
GFV = £13,965
APR = 7.5%
Flat Rate = 3.85%
48 monthly payments @ ???????

[paulmon]

£350 ish

[z4me]

Top marks, at least that's what I've been quoted, thought it would be less than that TBH. So it's not as easy as :

Total amount to finance + (flat rate x 4) - GFV / 48 ?

if not, how do BMW come up with their current Z4 offer in their website :

Total amount to finance = £23,812
APR = 4.9%
GFV = £12,037
48 months @ £299

[northandy]

z4me said:

Top marks, at least that's what I've been quoted, thought it would be less than that TBH. So it's not as easy as :

Total amount to finance + (flat rate x 4) - GFV / 48 ?

if not, how do BMW come up with their current Z4 offer in their website :

Total amount to finance = £23,812
APR = 4.9%
GFV = £12,037
48 months @ £299

No as your interest is worked each month on the amount outstanding, so higher in year one than year 2.