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PCP: Can two people be named on PCP Contract?
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eilidhmanson
Posts: 1 Newbie
in Loans
my partner and I are considering PCP for a new car. We haven’t yet spoken to dealerships as it’s early stages. I can’t find anything online or in forums about whether two people can be named on the PCP contract - I.e. if it’s a shared car, can we both be responsible and named in the agreement, or would just one of us take it out?
Does anybody know?? Thanks in advance!
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Comments
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If it were possible, you would both be jointly and severally liable for the entire debt (not 50% each), so I can't see why you would want to?No free lunch, and no free laptop0
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No, as far as I know it's only one person.
Have you explored all options. In my experience used cars using as little finance as possible can be much cheaper. Even so called 0% deals sometimes involve a higher sticker price (e.g. the new MG ZS-EV has both a 0% and 4.9% deal, but the 0% deal has less of a discount. It would therefore be better to take the 4.9% deal for the cheaper price and then settle in full for cash).0
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