PCP keeps the payments down, but all you are really doing is leasing the car as the final payment in 3 or 5 years can be quite large as you don't pay off much of the capital. You are also tied in to getting it serviced at the dealer IIRC.
It's a good way for the dealer to tie you in to changing every few years. A plus point is you can stop paying and hand the car back at any point.
Loan will probably work out more month by month but IMHO the car feels more like yours then the dealers IYKWIM
I stuck our family wheels on an interest free credit card and just swap it to another when the deal runs out.
Last edited by Scott.T; 27-05-2010 at 07:43 PM.
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