# New Car Finance - Math Help?

I think I'm having a blonde moment because I've done the maths and if I'm right this seems ridiculous to me. So I was hoping some maths whiz could help me out by working this out for me.
I am in the process of looking for a new car and I got a quote the other day from a dealer.
£163.21 per month...
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I think I'm having a blonde moment because I've done the maths and if I'm right this seems ridiculous to me. So I was hoping some maths whiz could help me out by working this out for me.

I am in the process of looking for a new car and I got a quote the other day from a dealer.

£163.21 per month over 60 months which works out at £9792.60

This is on the basis of borrowing £6995 on finance...

I was hoping someone could help me work out the % because £6995 over 60 months is £116.58 per month which means I'm paying £46.63 a month on finance alone.

So can anybody help me with the maths and working out the % of finance?

I am in the process of looking for a new car and I got a quote the other day from a dealer.

£163.21 per month over 60 months which works out at £9792.60

This is on the basis of borrowing £6995 on finance...

I was hoping someone could help me work out the % because £6995 over 60 months is £116.58 per month which means I'm paying £46.63 a month on finance alone.

So can anybody help me with the maths and working out the % of finance?

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