It is actually a more planted outlook than all the families who are gayly signing up for PCPs with the self-justification of "It must be good - everyone is doing it!"
Look around the country and see all the swish, new cars - you could be forgiven for thinking the economy was absolutely BOOMING!
I think the reality is somewhat shy of that.
Al
And there is the answer
I have just spent the last 2 days on a Regulatory & Compliance course on consumer lending and the clear message to the lenders and dealers that the product offered to consumers must be suitable, sustainable and meets the needs of the borrower
Neil W Audi example of the 65 year old clearly demonstrates the pcp has fallen down on one or all of those principles
The FCA are looking into the pcp market with scrutiny
It may not be all it appears and not the best purchase option for many people which have undertaken them
Pcp could well be the emperor's new clothes