Best independent pcp deals

How Much Did My BMW M140i Cost? PCP vs PCH vs HP

Vehicle Details. Car reviews. The popularity of owning or leasing a new car has continued to grow considerably year on year and it's easy to see why. There are three main reasons why many customers choose to purchase a new car, one being the lengthy manufacturer warranties that many new models come with. For example, the standard new car warranty is at least 3 years.

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However, if you're looking for something a bit longer, there's Kia's industry leading 7 year warranty, Hyundai's 5 year unlimited mileage warranty and the excellent 5 year warranty on new Dacia cars. The second major benefit of buying a new car is they are now available to a much wider market. The third benefit is the ability for a customer to choose the design and specification that they want.

From colour to technology features, customers can add and take away depending on their requirements and budget. Other important benefits to owning a new car is that they don't come with an unknown history and are equipped with the best safety features. Many models are also fitted with the latest technology. This is certainly not a benefit to be underestimated as it's not just about on-board features, it's also the engine tech that improves your car's fuel economy and in turn saves you money.

With more than 40 dealerships nationwide, we are proud to be the biggest independent Ford retailer in the UK. Keep a lookout for the all new Ford Mustang this year. See all new Ford car offers.

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There are more than 30 Evans Halshaw Vauxhall dealerships throughout the UK making it our second biggest franchise. If you're looking for something a bit sportier, then view Vauxhall's VXR range. See all Vauxhall new car offers. There are a number of services which not only compare potential finance packages, but may also be able to source a car for you if you prefer. This really depends on deals available. Or they may offer additional incentives and upgrades including higher levels of specification and trim.

If you investigate, you may be able to save money or get an even more desirable car for the same price. But if you have a bad experience or just fancy a change, you might lose out more at the end of your agreement.

Initially PCP car finance deals were mainly aimed at premium new market. As a result, it can be cheaper to buy a newer secondhand car on PCP than an older model in cash. One major advantage buying a used car with a PCP deal is that the monthly payments tend to be low. So a used car will hold more of the value from when you take out your agreement. But there are disadvantages.

Factors like wear and tear become more important. Should you buy a car on PCP? What should you watch out for? How long a term should you choose? What other car finance options are there?

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Should you buy direct from a manufacturer PCP offer? Is it worth buying a used car via PCP? There may also be penalties if you try to end the PCP agreement prematurely. APR Rates? What is a Good Deal? The deposit amount: Can you get a manufacturer contribution, or save with a larger deposit amount? Are you saving by getting a better APR, or do you end up spending in other areas?

The final GMFV amount: Is the final value of your car realistic when it comes time to buy or trade in? Could used values suddenly drop, leaving you out of pocket if you decide to buy the car? The conditions of the agreement: Are you likely to exceed the milage limits? And avoid making any modifications or failing to repair damage which could cost you when the agreement is coming to an end? Insurance: Generally car insurance will pay out on the agreed value of the car at the time it is stolen or written off, which can leave you out of pocket on a PCP deal.

HMRC's PCP car finance VAT changes could lead to PCH dominance

Gap insurance will increase the amount to the original sale price or the amount outstanding on finance. You'll instantly be able to compare our test scores, so you can make sure you don't get stuck with a Don't Buy.

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We explain the different types of finance plan, how to understand your payment options and the advantages of each, as well as the things to be aware of before you sign on the dotted line. But there are also other ways to pay for your car that could be cheaper than dealer finance and suit you better, such as a credit card, personal loan or other form of independent borrowing.

Personal Contract Purchase (PCP)

We look at all the options available to help you make the best decision for your needs and financial circumstances. Discover the cars we recommend by viewing our Best Buys. These can work out affordable, with no interest charged on your monthly repayments. Dealers also make commission from additional insurance and other products that they may offer as a package with the finance plan.

These typically include:. Invariably, these products are more cheaply bought independently, should you wish to buy them, from a third-party provider. If you find it simpler to buy them as part of your purchase, then at least ask for a discount. Many Which? To find the best loans currently available visit our guide to the cheapest personal loans.

PPI was sold on the basis that it would cover your finance payments if you were unable to work due to accident, sickness or unemployment, but proved expensive and gave limited cover. Should lenders still try to sell you this, we strongly advise against it. Follow our tips below to get the best deal possible.

Car finance explained By Adrian Porter. Put us to the test Our Test Labs compare features and prices on a range of products. Sign up now or login. At the end of the loan period, you own the car outright.