The National Press Mislead Consumers about PCP Benefits

Thursday, 14. August 2008

You may think long and hard about using an Internet company but when considering which finance method to use you may carry out some research into the various options. The obvious route to go is to buy my book, ‘An Insider Guide To Car Finance’. But you may think that taking advice from such authorities as Glass’s Guide (EurotaxGlass), Sunday Times and Telegraph would provide the solution and offer up good advice. Well think again. I strongly criticised all three recently included in an article that I wrote for Motor Finance, the journal of the industry, in which I pointed out the errors and misdirection that could have ended up with consumers ignoring the benefits of Personal Contract Purchase (PCP) over outright purchase or HP and losing thousands of pounds. It is for these reasons that I have accused the press of giving ‘criminally misleading’ advice. If you would like to read the article visit it at: http://www.videotrainingonthenet.com/PCParticle.jpg (courtessy of Motor Finance – June 2008). By Graham Hill Finance