PCP Car Finance

Chat about MX-5s, the life and the universe.

PCP Car Finance

Postby drumtochty » Sat Apr 15, 2017 2:10 pm

Last week the Bank of England said they were worried about the debt held by car manufacturer’s as cars came off PCP deals back into the manufacturers stock that could not be resold at anywhere near the book value advised by the manufacturer.

Now another angle to the PCP effect is noted here.

Worth a read.

http://www.telegraph.co.uk/news/2017/04 ... al-crisis/
99 Mk2 1.8 IS Silver
08 Mk3 2.0 RC Sport Copper Red Sold
18 Mk4 2.0 GT+
User avatar
OC Member
Eddie Cairns
MX-5 OC Club Member
Posts: 2706
Joined: Thu Jun 18, 2009 1:42 pm
Location: Drumtochty Glen, Auchenblae

Re: PCP Car Finance

Postby John H » Sat Apr 15, 2017 7:52 pm

Comes as no surprise to me, the whole PCP thing is a house of cards ready to crash to the ground
John H
User avatar
Posts: 520
Joined: Tue Apr 21, 2009 3:39 pm
Location: The Royal and Ancient Principality of Kettle

Re: PCP Car Finance

Postby Scott_J » Mon Apr 17, 2017 10:00 pm

Ive always thought PCP was yet another banking scam and never been tempted, the maths never made any sense to me .
Posts: 53
Joined: Sat Aug 22, 2015 7:16 am
Location: Glasgow West End

Return to General Chat

Who is online

Users browsing this forum: No registered users and 6 guests