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Michael Challiner's Articles in New Auto Loan

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  • Loans - New Cars For Old
    Thinking of buying a new car? Unless you’re paying cash, presumably you’re looking for the best way to finance the car of your choice.

    For people who choose to buy a new car every two or three years, personal contract purchase, or PCP, is gaining in popularity. Your car dealer or the manufacturer effectively lends you the balance of the car, after you’ve paid a deposit of 20 to 25 per cent. A fixed trade in price is promised at the end of the deal. An annual mileage limit ...
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