Munster car dealer insists 'nothing staggering' about PCP debt levels

"PCP contracts have been reviewed over and over again and nothing’s been found because there is nothing to be found."

Mr Murphy said if lawmakers were to be concerned about anything, “it is that consumers are financing very high levels of taxation." File picture: Larry Cummins

Concerns about the cumulative debt of Irish consumers around so-called ‘personal contract plans’ are unfounded because defaults and arrears levels are very low.

That's according to a major motor dealer in Cork, who insisted that PCP contracts have been “reviewed over and over again” and no concerns raised by authorities.