Search the Community
Showing results for tags 'pcp'.
Found 2 results
Thanks for reading my post. Lately I have heard of this new financing method (new for me, and for SL, since I have not heard of such offer In the past) called PCP (Personal Contract Plans). Apparently it is a sort of paying a down payment for a car, and then paying monthly rental. But the ownership will not transfer to you until you pay the balance amount at the end of your contract. The details are kind of sketchy, and I'm on the look out for more details. If you know or already got an agreement, or you have had one in the past can you share the pros and cons you see in getting into a PCP?