Are there disadvantages to buying an ex-financed car?

Are there any disadvantages to buying an ex-PCP car from a Mercedes dealership? Should it affect the price?

Asked on 15 July 2020 by merman

Answered by Andrew Brady
An ex-PCP car can be an excellent secondhand buy. It's likely to have low miles with evidence of regular servicing and be in good condition (in order to avoid penalties at the end of the finance agreement), while cars bought on PCP are usually highly-specced (especially compared to fleet cars which can be pretty basic). You also have the peace of mind that it's likely to have only been driven by one person, rather than a hire or fleet car which might have led a harder life. Also, as most ex-PCP cars are only three- or four-years-old, they'll still have many years of service left in them but will be significantly cheaper than a new car.
Tags: pcp
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