NFS, you appear to good with the APR understanding, but your figure of £535 / month is only £18,725 over 35 months, which is 8 grand short of even the depreciation cost.
Please help me out if i'm lost...
I'm paying £775 / month which is £27,125 over 35 payments.
The GMFV is £12,177 (depreciation from £39,000 = £26,823)
My deposit is £2.5k, so the cost for my credit is: (if i return the vehicle to pay the balloon payment)
(27,125 payments +2,500 deposit) - 26,823 depreciation = £2,803 interest
They initially wanted £985 /month but cam down to £775
What the heck interest rate is that now??
If there's something I should know, I don't sign the credit agreement till tommorrow....
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