Another who agrees with Delta and Oscarmax, sorry.
And as a law student, one would hope you know that there are not 4 weeks in a month.
To calculate the monthly PIP, £61.20 x 52 = £3182.40, so the monthly amount is £265.20.
There’s plenty of sub £200 PCP deals around. Yes you would have to find insurance and maintenance costs on top but then, so does everybody who’s not on the Motability scheme.
I think the fact that you don’t want a tracker fitted shows that you know yourself you’d be misusing the car.