What is the best way to pay for a car?

Hi Con,

Cash. You get the best discounts and the minimum of fuss if you pay for the car up front. PCP plans are great (and hugely affordable), but only really work if you plan to trade your car in for a new one every three years. More traditional hire purchase is probably the best compromise – it’s more expensive than a PCP, but often easier to arrange than a personal car loan from a high street bank and at the end of the loan period you own the car completely.