If you’re looking at options for car financing, you might be looking into Personal Contract Purchases, or PCPs. PCPs are attractive to car buyers, because they allow you to buy a car in instalments over a number of years, while getting to use the car. However, are they as great a deal as they first appear?
You’ve just passed your driving test. It’s time to take that big red L off your car and replace it with a green P. So here’s the question: how much should you spend on a first car?