Tell me more about PCP finance.

Hi, do most garages offer PCP finance and do they only offer it on new vehicles or would you be able to get it on a second hand car? I have always got Credit Union loans so haven't a clue about PCP, but it looks good.

Thanks so much

Sabrina

SABRINA O'SULLIVAN (BEARA)

Jul 2015 Filed under: finance

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Expert answer

Hi Sabrina,

PCP finance can be a relatively easy way to get finance for a new car, but make sure you read up about its advantages and disadvantages. A good starting point is our own guide to car finance.

There are very few PCP finance options for buyers of used cars. The whole thing is designed around the car manufacturers' desire to get repeat new car business every few years.

Shane O' Donoghue - Complete Car Adviser
@Shane_O_D