DazBMW

i forgot to ask too; do garages still tend to take px when getting a pcp? my current car px value is just over 11k so would they give me the 10k difference after taking off deposit or will I have to sell privately

Hi all, I've never PCP or financed a car before so can someone explain these figures to me as I don't seem to understand them. These are just figures I came across on autotrader. The car value is £15,995.00 (2015 m135i) 1,000 deposit + £159.13 monthly payments for 36 months. that totals £6,728.68 so £2,242.00 P/A which i'd be happy with. Whats confuses me is is the 'total charges payable £4,041.30' where the hell does that figure come from and what does it mean? Also the APR is 9.9% which seems steep for credit ? Are there better finance PCP companies I can find out there? Should I just concern myself with the £6,728.68 total over 3 years and forget the other figures or can someone explain what im missing here? Thanks