Do consumers understand PCP car finance? An experimental investigation

ESRI Research Bulletin Articles provide short summaries of work published by ESRI researchers and overviews of thematic areas covered by ESRI programmes of research. Bulletin Articles are designed to be easily accessible to a wide readership. A reference or references to the full publication is included at the start of each Bulletin article.

August 30, 2018 | ESRI Research Bulletin

Authors: Terry McElvaney , Pete Lunn , Féidhlim McGowan

Personal Contract Purchase (PCP) plans have risen to prominence in the Irish market in recent years. These deals typically involve lower monthly payments than Hire Purchase (HP) deals or personal loans, allowing consumers to benefit from increased affordability. However, PCP plans are relatively complex and involve potential drawbacks that may not be properly understood by consumers.

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