Wolverine (16-04-16)
I mean people that get a new car on a Pcp loan will be financially in a worse position after 3 year than they are now.
Most cars won't be worth enough to cover the balloon payment and the deposit required to buy another new car.
So a greater deposit will be required or next time repayments will be bigger.
Pcp loans are a very short sighted way of financing a new car.
We are building up trouble for the future.
And watch those mileage restrictions.
A lot of these deals restrict the mileage allowed.
Last edited by TonyB; 17-04-16 at 07:34.
hadaway (17-04-16)
TonyB (17-04-16)