Following on from last month’s look at
Guaranteed Future Minimum Values in the independent PCP market,
Kurt Bradbury of broker Jigsaw Finance looks at some of the best
PCP deals on the market this month, and how they compare to HP
offerings.
GFMVs fluctuate each month in line
with how Lenders and pricing data providers predict future disposal
prices.
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The data presented here shows the best
GFMVs aggregated from Jigsaw’s panel of providers – values varied
from lender to lender. These seemed to be the major points of
contention:
- The big faller this month in
the eyes of one company was the Audi A6 which fell by over £1,300.
However, most other PCP providers maintained their GFMV on the
A6. - The other big mover was the
Chevrolet Captiva which fell marginally with one lender but
increased by over £700 with one of their competitors. - The same story with the Peugeot
5008 – no GFMV move with two providers but an increase of over £800
with another.
The examples in the table below
demonstrate PCP can give customers a lower monthly payment over a
period that in most cases is in tune with the typical customers
change cycle. The examples compare 36-month PCP versus 48-month HP,
and show that HP payments are between 7% and 37% higher than those
of shorter term PCP agreements.
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