Mind the Pitfalls of PCP Car Finance

Like many people, I got drawn in to the whole new car scene about three years ago and bought a shiny new car on PCP. It was a high quality “low depreciation” car and I still lost 45% of the purchase price in 25 months. Buying a new car or truck is a significant financial commitment so here’s a detailed review of PCP car financing to help you understand the important aspects. The goal is to empower you with honest and reliable information to help you figure out the full cost of buying on a Personal Contract Plan. If this article saves at least two people from losing money like I did then my loss will be more than compensated for.

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