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Car finance has made it easier than ever to own a car, with options like PCP (Personal Contract Purchase) and hire purchase helping people spread the cost over time. But beneath the promise of “affordable monthly payments,” there’s a growing issue that’s catching more attention: car finance mis-selling. The result?
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.
In this ultimate guide, we will explore everything you need to know about HP car finance, including its benefits, drawbacks, and how it compares to other financing options. When it comes to purchasing a new or used vehicle, financing is often a crucial component of the process. One popular financing option is Hire Purchase (HP).
In this ultimate guide, we’ll explore what PCH is, how it works, its benefits and drawbacks, and how it compares to other car financing options. When it comes to acquiring a new vehicle, there are several financing options available. What is Personal Contract Hire (PCH)? You may be charged for any excessive damage.
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