cant work out credit charges is it ppi?

bonjen3

I am currently trying to reclaim ppi on my husbands credit cards and was chatting to my mum about it, I said to check her credit agreements to see if she had any PPI etc She gave me a copy of a car loan she had with First National Motor Finance but I'm not the brightest bulb on the tree when it comes to figures, could someone have a quick look and tell me if these figures look correct or is there a hidden PPI charge
Cash price of goods 5043.00

less deposit 400.00

Total amount credit 4643.00

Add Interest 1299.88
Credit facility fee 95.00
Completion fee 50.00

Total charge for credit £1444.88

Total amount payable £6487.88

APR 15.1

(one payment of 218.81
followed by 46 payments 123.81
one final payment 173.81)


many thanks to anyone able to help

-taff

There's no PPI there.

McKneff

There is no PPI, there is a loan and interest. and 2 charges.
Its pretty straightforward.

PPI would be mentioned, it isn't so No is your answer.

bonjen3

thanks, why is the interest charge so high though? its more like 25% than apr of 15.1?

-taff

It's not simple interest which would be around 700. It's worked out over 4 years.

bonjen3

thanks you very much for your assistance, much appreciated