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PCP Car Finance

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Comments

  • PRL1984
    PRL1984 Posts: 5 Forumite
    First Post
    I never realised that the 'Final payment' proportion also has interest applied. I always assumed the interest was only on the actual part of the loan I was paying off. Agreed this make it so much more expensive than a normal loan and I am looking at doing a personal loan to just pay the whole loan off. I have roughly worked out it would save me over £2k interest over the same term. 

    Appreciate all the comments on this, has opened my eyes to PCP pitfalls 
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