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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.
If you wanted a £10k car, it could take a long time to save up for one but car finance could mean you get a £20k with low monthly payments on PCP. You could even get a brand-new car and spread the cost into affordable monthly payments. 2. Spread the cost to suit you.
If you wanted a £10k car, it could take a long time to save up for one but car finance could mean you get a £20k with low monthly payments on PCP. You could even get a brand-new car and spread the cost into affordable monthly payments. 2. Spread the cost to suit you.
Once the final payment is made, ownership of the car is transferred to you. The main advantage of HP is that you can spread the cost of the car over a fixed term, making budgeting easier. With HP, the finance company purchases the car on your behalf, and you repay the amount in monthly installments.
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