Splet27. maj 2024 · When you take out a PCP, you will usually put in an upfront payment (referred to as a deposit) and borrow the rest of the money required to pay for the car. So if the car costs £30,000 and you put in £2,000 deposit, you will borrow the remaining £28,000. The finance company pays the dealer £28,000 and you get to drive home in your new car. Splet14. mar. 2024 · Generally speaking, the lower the APR, the less you’ll pay in interest. Don't forget that the more money you're borrowing, the more interest charges can rack up. Finance a £20,000 car with a 6.9% APR deal and you'll pay twice as much interest as if you go for a £10,000 car with 6.9% APR. Some manufacturers or dealers offer incentives such …
Car finance: How do I settle a PCP early? The Car Expert
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