5 Questions to ask before buying a car on a Personal Contract Plans (PCP)
Personal Contract Plans (PCPs) work very well for some buyers but you need to be fully aware of the T & Cs writes Geraldine Herbert The idea of a PCP is simple: buyers put down a deposit or trade-in their old car, followed by monthly payments made over three years and are given a ‘guaranteed minimum future value’ (GMFV) by the dealer at the outset, which is the amount required to purchase the car outright at the end of...
Customer protection agency to examine PCP car finance market
The Competition and Consumer Protection Commission (CCPC) announced that it has commenced a study of the Personal Contract Plan (PCP) car finance market If you have bought a car on a PCP agreement, particularly if you have either experienced problems in understanding the product before buying or had difficulties from the time of siging up to the contract then the Competition and Consumer Protection Commission (CCPC) would like to...
