Posts Tagged: PCP
Posted by Matthew Woodward on July 28th 2016 in Finance
These days there are several different financing options when you’re choosing a new car, and it’s not just a decision between buying outright or leasing. While regular Personal Operating Leases remain a sensible choice, Personal Contract Purchase (PCP) is also a popular financing alternative. So, when it comes to leasing and PCP, which is better?
A standard leasing contract, such as a personal operating lease, is one of the most straight-forward financing options available. Once you have agreed on the terms with your dealer, most leases consist of monthly payments on your vehicle for a fixed period of time.