Thursday 29 September 2016

PCPs blur lines between buying new or used car

Published 05/08/2015 | 02:30

When you buy a car on a PCP you are essentially paying to use it for a fixed number of years
When you buy a car on a PCP you are essentially paying to use it for a fixed number of years

People are wavering more on whether to buy a new or used car as PCP deals increasingly blur the lines.

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The views of more than 1,000 motorists were tracked by Auto Trader in the UK between April and June. Nearly three-quarters (72pc) of those who had recently bought a used car had considered new as well. And 75pc of those who had bought new had considered second-hand.

This seems to indicate how the new-car market is increasingly driven by PCP deals where monthly payments, rather than price is the key.

Would you dither on new or used?

ecunningham@independent.ie

Indo Motoring

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