PCP buyers have to take on buy the existing PCP car or go on another PCP car agreement - in most cases.
OLD PCP car needs cash (say £15K) to buy it or HP to buy it. The HP to buy the now 3 year old car can exceed the cost of a Brand New car on PCP!!
WHY? HP on 3 year old car is buying the car & HP interest rates can be expensive.
New Car PCP -manufacturer supported discounts, low interest rates, incentives to dealer to shift new cars......
It's a no brainer for many PCP buyers already on the hook, new car for less than buying your 3 year old motor.
But there are good deals out there for cash & HP buyers - you just have to look and keep looking for that bargain.
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