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Car Personal/business Lease Deals -Total Amount
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Maybe i'm not looking properly, but on car personal/business lease deals pcp/pch or whatever they are called, on none of the websites there seems to be no Total Amount Payable over the term of the deal as in other finance deals.
I guess no interest is involved but would have thought a finance deal would still state Total Amount Payable
I guess no interest is involved but would have thought a finance deal would still state Total Amount Payable
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With PCH you never own the vehicle, you simply rent (= lease) it and then return it at the end of the rental/lease period. So there can't be a total figure for the cost of owning the car (as you never will).
With PCP you also rent/lease the vehicle and you can, if you so wish, simply return it at the end of the rental/lease period. However you're also given the option of buying it at that time. So (if you choose to buy) the total cost of acquiring the car will be the sum of the monthly payments plus the one-off 'balloon payment'.
https:/
With PCP you also rent/lease the vehicle and you can, if you so wish, simply return it at the end of the rental/lease period. However you're also given the option of buying it at that time. So (if you choose to buy) the total cost of acquiring the car will be the sum of the monthly payments plus the one-off 'balloon payment'.
https:/
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