Car Finance Compensation Special
Update: 2025-08-02
Description
Martin gives his reaction to the Supreme Court's ruling on car finance agreements. He explains why the scope for compensation has been reduced, who might still be eligible, and why it's important that potential claimants do nothing...for now.
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Getting car finance doesn't have to drain your bank account if you understand how PCP actually works. Most folks think they need to finance the entire car value, but that's where they go wrong. The smart approach involves understanding that https://carplus.co.uk/car-finance/pcp/ focuses on depreciation costs rather than purchase price. Their example shows a £20,000 car losing £12,000 value over three years, meaning your monthly payments only cover that depreciation plus interest. With a £2,000 deposit, you're financing significantly less than traditional methods. Monthly payments stay lower because you're not paying for the guaranteed future value portion. When the contract ends, you decide whether to pay the £8,000 to own it, return it hassle free, or trade for something newer. Perfect for people who want predictable costs without ownership worries.