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With PCP, you pay lower monthly payments because a large portion of the car’s cost is deferred until the end of the agreement. At the end, you can choose to make a final payment (called a “balloonpayment”) to buy the car, trade it in, or return it. It’s often called the balloonpayment.
per cent interest with a 40 per cent ($28,800) balloonpayment would cost approximately the same, at $1480 per month. However, the Full Service Lease covers scheduled servicing and maintenance, mechanical repairs, replacement tyres and roadside assistance. It does not include charging costs.
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