Uk car finance What is a PCP and HP??

Тәжірибелік нұсқаулар және стиль

Hello everyone! In this video I give you a brief explanation on uk car finance and tell you a little about what PCP's are and also HP finance agreements.
If you have any questions or you are still a little unsure please let me know in the comments section and I will get back to you ASAP.
Also if you are about to go to a dealership or garage to purchase a new car and you are a little nervous or unsure of the process let me know and I will talk you through it all.
Check out The Bimmer Fixer Amazon Store!! www.amazon.co.uk/shop/thebimm...
Hope you enjoy the video. If you do, please leave a like and if you haven’t already, please subscribe for more content.
If you have any questions, feel free to ask.
Thanks everyone!
Email me… thebimmerfixer@gmail.com

Пікірлер: 28

  • @natalisamo251
    @natalisamo2512 жыл бұрын

    Well done, thank you

  • @Pablopicasso796
    @Pablopicasso7966 ай бұрын

    Thank you needed this 🙏

  • @TheBimmerFixer

    @TheBimmerFixer

    6 ай бұрын

    @alfredo6859 Hi, im pleased you found it helpful!

  • @healthwealthyou8590
    @healthwealthyou85903 жыл бұрын

    Grateful 🙏 thanx

  • @rossmurrayfam1568
    @rossmurrayfam15683 ай бұрын

    Thankyouu very much my man

  • @TheBimmerFixer

    @TheBimmerFixer

    3 ай бұрын

    @rossmurrayfam1568 You're very welcome buddy!

  • @velokind
    @velokind Жыл бұрын

    Thanks man

  • @TheBimmerFixer

    @TheBimmerFixer

    Жыл бұрын

    @VELOKIND you're welcome buddy! 👍🏻

  • @alincostache2750
    @alincostache27508 ай бұрын

    Very helpfu💎l,thanks

  • @TheBimmerFixer

    @TheBimmerFixer

    8 ай бұрын

    @alincostache2750 Hi, thanks for the feedback, pleased it was very helpful 👍🏻

  • @gameofreviews4319
    @gameofreviews43195 ай бұрын

    After the end of PCP, if we give the car back, what happens to the deposit?

  • @TheBimmerFixer

    @TheBimmerFixer

    5 ай бұрын

    @gameofreviews You don't get it back unfortunately. Unless the car is worth more than what you've paid this the only time there could be any money to come back to you and that is still probably less than what you paid as a deposit. That said this is very rare.

  • @Sunnyangusyoung
    @Sunnyangusyoung7 ай бұрын

    In both scenarios, is the interest paid is equal or it differs in terms of PCP and HP? I mean for example you pay 15k total for a 10k car. Will that be same for both options?

  • @TheBimmerFixer

    @TheBimmerFixer

    7 ай бұрын

    @Sunnyangusyoung Hi there good question! The interest will differ between agreement types. You'll typically find a HP will have a higher APR with a PCP a lower APR. Always look at the variable APR too you'll see the ad may have 9.9% on a HP agreement but after fees you then have a variable APR of something like 14.9% so also double check 👍🏻

  • @Jayakumarkpable
    @Jayakumarkpable Жыл бұрын

    The vehicle is registered in finance company's in both the cases? Even for HP?

  • @TheBimmerFixer

    @TheBimmerFixer

    Жыл бұрын

    @KP Jayakumar Yes that's correct both would be registered, CPC and HP

  • @kev2427
    @kev24272 жыл бұрын

    So I have a PCP agreement with a millage cap of 36750. I feel I could go over this limit and it’s 9p per mile, BUT I plan on paying the final ballon payment at the end so do I need to work about the millage? Please help. I’m tearing my hair out. I don’t want to be charge two sets of charges

  • @TheBimmerFixer

    @TheBimmerFixer

    2 жыл бұрын

    Hi Kev, it's quite likely that you will be charged the mileage fee as the final payment is calculated on the mileage limit on the agreement term. This is because the car may have slightly less value due to the extra mileage. That said used car values are very high at the moment so there is every chance that your car is worth a lot more than what was originally thought at the start of the agreement meaning this could off set the mileage fees. When is your agreement due to end and how many miles do you think you will go over?

  • @anaayakhan3181

    @anaayakhan3181

    2 жыл бұрын

    Install mileage blocker

  • @YouTubeSupportTeams

    @YouTubeSupportTeams

    Жыл бұрын

    ​@@anaayakhan3181how

  • @YaNansCrustyToe

    @YaNansCrustyToe

    Жыл бұрын

    @@anaayakhan3181 hell nah you can do that back home. Not here.

  • @anaayakhan3181

    @anaayakhan3181

    Жыл бұрын

    @@YaNansCrustyToe il do that wherever I want u nugget

  • @VladutVlad-xq5vm
    @VladutVlad-xq5vm2 ай бұрын

    Hello, I have a question, I have a car through Finance Car, I would like to be able to exchange it for another car also through Finance Car but a more expensive car, do you think it will work?

  • @TheBimmerFixer

    @TheBimmerFixer

    2 ай бұрын

    @VladutVlad-xq5vm Hello, that's a great question. So depening on the time you have left on your current agreement and the value of your current car the deal may differ slightly but its definitely possible yes. 👍🏻

  • @VladutVlad-xq5vm

    @VladutVlad-xq5vm

    2 ай бұрын

    @@TheBimmerFixer thank u

  • @TheBimmerFixer

    @TheBimmerFixer

    2 ай бұрын

    @VladutVlad-xq5vm You're welcome 😊

  • @Benjimikey
    @Benjimikey5 ай бұрын

    You are always the registered keeper of a vehicle not the owner. The manufacturer certificate of origin is what you need and the corrupt DVLA corporation keep it hidden from you.

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