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Tag Archives: personal contract purchase

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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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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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 running a car on a budget

Buying a new Hyundai

For some people, being able to buy and run a car on a budget is very important. You might be a student struggling to finance a car that can ferry you backwards and forwards between home and university. Maybe you are between jobs and need a cheap runaround to get …

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