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Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
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Vague or Misleading Terms: Key details like balloonpayments, mileage limits, or earlyterminationfees aren’t explained properly. Costs Were Never Fully Explained Were you given a breakdown of all costs, including interest rates, fees, and the total amount payable?
At the end of your lease period, you have the option of paying a balloonpayment on the vehicle (that is the cost of the vehicle depreciated in alignment with the government schedule), refinancing the vehicle to continue paying a monthly rate or, in some circumstances, just handing the car back. And in some cases that works.
EarlyTerminationFees If you decide to pay off your HP agreement early, you may face additional fees. HP Car Finance vs. PCP vs. Leasing PCP (Personal Contract Purchase) Lower Monthly Payments : PCP generally has lower monthly payments compared to HP. You will never own the vehicle.
If you exceed these limits, you will be charged extra fees, which can be costly. EarlyTerminationFees If you need to end your PCH agreement early, you may face significant terminationfees. You may be charged for any excessive damage.
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