Fleet News

Desire to pay upfront dips below 50%

buying a used car

More and more drivers are choosing to finance their used vehicles, reports Andrew Ryan

The way cash-taking employees buy new vehicles has changed tremendously in recent years.

Products such as PCP (personal contract purchase) and PCH (personal contract hire) have grown substantially, with consumers increasingly becoming used to making monthly payments for a vehicle before handing it back – or paying a balloon payment to keep it – when the agreement expires.

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