PCP or Credit Union ?

Q. I am buying a new car and its costing € 26,245. I have the 30% – € 7,873 and the repayments will be € 207.69 for the next 3 years. If I go the PCP route, I will have to pay on maturity at least € 11,810 – the Guaranteed Minimum Future Value (GMFV) Should I go to the credit union, and take out a loan for the full amount ( 70% ) which would cost me nearly c. € 320 more per month or should I just fire ahead and choose an option in 3 years’ time ? Thanks  David – Tullamore Co Offaly


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