Yep the Dealer Network's are controlling the market certainly for cars up to 5 years of age linked into PCP as 9/10 customers never ever make the balloon payment.
I am a bit jaded as I just don't see the point in PCP deals and renting a new car for 3 odd years paying literally £000s and having absolutely nothing to show for it or maybe even negative equity depending on who the PCP was financed through, save for swanning around in a new car that belies the fact it is 'unaffordable' especially given the disparity for most between wages and new car prices; each to their own but makes no financial sense........ Chris Harris did a nice piece
Chris Harris on... car finance.
Or most people see a car as a 'white good' (or phallus waving) a generic box that is essential, when it breaks they get another (no repairs), no fun to drive or own and it matches or try's to better the other boxes in their area and social circle