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Tag Archives: PCP

Younger car buyers opting for PCP deals

Mini forecourt

New research suggests that almost one in five (17%) of under 34s use a PCP scheme to finance a car purchase, compared to just 9% of over 55s. More than two-thirds (69%) of car owners over 55 bought their car outright without using finance, compared to half (50%) of 34–54s …

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Beware of lease car ‘wear & tear’ policies

Lease car wear and tear - Autoglass bodyrepair.j

Only a half of motorists who lease their car understand their ‘fair wear and tear’ policy, potentially costing them hundreds of pounds at the end of their agreement, claims new research. Car finance deals are rocketing, so more drivers than ever are not buying their cars in the traditional sense, …

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Half of used vehicles ‘have a hidden history’

Used car lot

New research suggests that more than half (52%) of second-hand vehicles checked have a hidden history that could lead to problems for new owners. A sample of RAC Vehicle History Checks covering more than 32,000 separate used cars for sale in the UK flagged up a multitude of possible issues …

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UK drivers aiming high with car finance deals

Hyundai North London

  New research has revealed that 4.7 million British motorists are paying for their car on some sort of finance package. According to the study for Kwik Fit, the UK’s leading automotive servicing and repair company, the average monthly payment across the country is £226.12. Finance providers often highlight that …

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True total cost of motoring revealed

Car finance cost

The average UK motorist is spending £162 per month on running their car, or almost £2,000 per year, before they even take into account the cost of the vehicle itself, reveals new research from Kwik Fit. While many drivers buying a new or used car do so on finance and …

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Revealed: the time it takes to choose a new car

New 18 plate car

UK drivers spend some 42 hours deciding on their next car – and around a third of that time is now spent on choosing the right kind of finance, according to new research. The survey from AA Cars, the AA’s used car website, found that despite advances such as online …

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Top five reasons why Brits buy new cars

Mini forecourt

One in five people now change their car because they’re bored with their current vehicle, claims new research. The survey also revealed that finances are a big factor when it comes to deciding on a new car, with 43% switching as a result of sky high repair bills. Car leasing …

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Everything you need to know about car finance

Car finance cost

Buying a car on finance is one of the easiest ways to get on the road and even premium brands such Audi and BMW suddenly become more affordable. However, car finance is also a minefield, so you should always be clued up before you walk into the dealership. Here is …

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Buying and selling used cars – five things to consider

Used MINIs

The second-hand car market is currently booming as more and more savvy Brits are buying and selling used vehicles. According to the Society of Motor Manufacturers and Traders, used car sales were at a record high during the first quarter of 2017. In total, 2,133,956 used cars were purchased in …

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Ways to pay for your new car

Used MINIs

Deciding to buy a new car can be really exciting, but working out how to pay for it can be hard. We’ve teamed up with www.money.co.uk to give you the options available… Cash If you have a lump sum of money already saved for your car, then using cash can have an …

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