PCP/Car Finance

Car finance mis-selling is set to be the next big scandal for lenders. A PCP tends to run for a period of two to four years, monthly payments are made and optional balloon payment is calculated for the end of the contract, should the individual wish to own the car at the end of their plan. The interest on these contracts can be very expensive. It is possible, the terms weren’t explained to you or you felt like you weren’t given another option.