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HP Car Finance – Ultimate Guide

Car Examer

Early Termination Fees If you decide to pay off your HP agreement early, you may face additional fees. It’s important to check the terms and conditions of your agreement. Balloon Payment : At the end of a PCP agreement, you have the option to make a balloon payment to own the car or return it.

Finance 59
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Car Finance Mis-Selling: What’s Really Going On?

Car Examer

This can result in agreements that cost you more than you expected or leave you stuck with terms you didn’t fully understand. Vague or Misleading Terms: Key details like balloon payments, mileage limits, or early termination fees aren’t explained properly. The result? How Big Is the Problem?

Finance 59
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Personal Contract Hire (PCH) – Ultimate Guide

Car Examer

Book inspection Personal Contract Hire (PCH) is a type of long-term vehicle leasing where you essentially rent a car for a fixed period and mileage limit, usually between 2 to 4 years. Set Terms : Agree on the contract length, annual mileage limit, and any additional services like maintenance and servicing.