Personal Contract Plans (PCPs) save motorists a fortune!
With the current economic doom and gloom, used car prices are nosediving. Negative equity, where the amount outstanding on a car finance agreement is more than the car is actually worth, is now becoming a real problem for car owners. In fact, according to one car magazine, the shortfall for drivers in the UK has reached £272 million! Owners of prestige models and “gas guzzlers” are suffering the most.
One group of motorists, however, have nothing to fear. People who bought a car using a personal contract plan (PCP) can hand it back to the finance company at the end of the agreement under the guaranteed future value clause and walk away. Thus, if the finance company has guaranteed the value at more than it is worth today, then it’s the finance company’s problem and not the car owner’s.
At www.Better-Deal.co.uk we offer a full range of PCP products. If you would like a PCP quote on a particular car, please give us a call on 0845 129 0979.
