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What are the risks of using PCP to buy a car?

Experts say the risks of PCP are often not fully understood
Experts say the risks of PCP are often not fully understood

In recent years Personal Contract Plans or PCP have become one of the most popular ways of financing a new car purchase.

But according to some experts, despite having some benefits, the finance option comes with many risks, often not understood by the buyer.

Aine Carroll, Director of Communications and Policy with the Competition and Consumer Protection Commission, spoke to Sean O'Rourke about the pros and cons of buying a car using PCP.

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