At The end Of The PCP Contract

[Everest]

Not sure about PCP

 

[tsedge]

Yes... but the missing piece in the jigsaw puzzle is at what price the lease companies are buying the cars, in bulk, from the manufacturer for - something we'll never know for sure. Traditionally (I heard from friend in the industry) it has been in the 40 - 50% discount range. But if some lease companies are getting (say) a 60% or more discount in poor market conditions, then they'll still be able to make a profit.

I presume this is why shopping around for a good lease deal is a good idea and can be better value than a PCP. With PCP, they are financing your individual deal, whereas the lease companies can get discounts individuals can't. Of course the downside is probably the best lease deals are on in-stock models where you don't get to choose colour or spec.

 

[JonnyG]

Yes, I've heard the phrase "shop the deal, not the car" quite a few times when it comes to advice on getting a good lease deal.