Read the terms when it comes to car finance
Car finance hit the headlines with the news that the Competition and Consumer Protection Commission (CCPC) is undertaking a study into personal contract plans (PCPs). The CCPC said PCPs, increasingly popular with Irish drivers, “are relatively new and complex and we want to examine the experiences of consumers”. Some elements of the study are around regulation of PCPs, both in terms of the companies offering the deals and those selling them in the garage.
But, given their rise in popularity, the CCPC is also concerned with the terms motorists are being offered and how well they are being explained.
