Consumer watchdog investigates PCP car finance market

News that the State’s consumer watchdog is to examine the personal contract plan (PCP) car finance market has focused attention on what is a little understood financial product.

The Competition and Consumer Protection Commission (CCPC) has said it will examine experiences of consumers in this market and assess the information provided to them at the point of sale.

It will also analyse consumers’ understanding of PCPs, including the structure of the product and the options available to them at the end of the agreement.