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1. UrbanHiker - Member 

   Those of you using, or considering using, PCP to finance a car, todays moneybox on R4 is worth a listen.

   Posted 4 hours ago #
2. jam bo - Member 

   Is it the next mis-selling scandal?

   Posted 4 hours ago #
3. UrbanHiker - Member 

   Nope. Well, there's always a mis-selling element that pops up when PCP is talked about. No, its about the ability to terminate the contract, for free, if you're half way through. I wasn't aware of this, suspect not many people are.

   Posted 4 hours ago #
4. jambourgie - Member 

   Don't use PCP. It's just not worth it. Try Ketamine instead.

   Posted 4 hours ago #
5. monkeysfeet - Member 

   You can terminate for free. You just pay any excess mileage charge.
   It is well known.

   Posted 3 hours ago #
6. tdog - Member 

   Any other details op or is this a vein attempt of scaremongering a few forumites

   Posted 3 hours ago #
7. legend - Member 

   It’s also really clearly stated in the finance docs

   Posted 3 hours ago #

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8. russyh - Member 

   A pcp agreement is just a regulated finance agreement of sorts so VT (voluntary termination) or halves and thirds rule as it was also known is nothing new it’s a consumer rightbthats been in place for ages. Hell dealerships encourage it to get you to change your car earlier !

   Posted 3 hours ago #
9. UrbanHiker - Member 

   Tough crowd.

   Posted 3 hours ago #
10. Scapegoat - Member 

    Inherent accuracy in a PCP, due to low recoil. For tougher jobs like ratting I prefer the Gas Ram converted springer.

    Posted 3 hours ago #
11. nickfrog - Member 

    It's not exactly "free" to terminate early as it means your deposit has been amortised out of a smaller amount of months so the real cost goes up.

    I find lease deals far more cost effective, if selected properly of course.

    Posted 52 minutes ago #
12. Northwind - Member 

    Is it a PC phyrric victory?

    Posted 50 minutes ago #
13. mikewsmith - Member 

    UrbanHiker - Member
    Tough crowd.

    
    Yeah who doesn't like a vague opening post with not actual detail or content that just tells you to head off somewhere else in a "You will never guess what happened next" kind of way

    Posted 45 minutes ago #
14. wilburt - Member 

    There was some nice looking links on another thread.
    New car £200pcm but you still had to stump up 2.5k just to rent the thing so after a year you've spent 5k and got nothing to show for it?
    I would imagine they are quite happy to let you hand the car back at 5k pa rental.

    Posted 34 minutes ago #

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