Is it better to buy a car with cash or get PCP finance?

This depends on your circumstances – if you’re buying a car with cash only and then want to change the car after three years, it will be more expensive. In that case, it’s better to take out a PCP deal rather than buying outright. However, paying cash could be better if you’re after a used car where depreciation is reduced when compared to a new car.

Does PCP include insurance?

Peugeot Just Add Fuel deal includes both PCP finance and insurance. It’s an excellent offer where you can get a new Peugeot car, as well as insurance and even road tax, covered. Another scheme SimplyDrive by Citroen that also combines a new car on PCP & insurance.

Is PCP worth it?

Wondering if Personal Contract Purchase financing is a good idea? Read on to find out if it's worth it for you.

PCP finance could be a suitable option if you want to switch a car every few years and don’t mind the restrictions that come with it, such as mileage limits and paying for damage that is above fair wear and tear. However, if you’d like to keep the car at the end of the agreement, HP is cheaper since you don’t need to cover a large balloon payment at the end. Whether PCP is worth it for you depends on your circumstances and preferences.

What are PCP interest rates?

PCP interest rates typically start from 4%, but interest-free finance options are a viable option if you have a good credit score.

Can you part exchange a car on PCP?

One of the options is part-exchanging your car once the PCP agreement comes to an end. The car’s value needs to be higher than the final payment for this choice to be available, so taking care not to go over the mileage and keeping a car in good condition should help.

PCP Car Deals

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