Car Loan vs PCP Deal: Do you Know the Difference?

Car 2 min read

18 Jan 2021

4WheelGuide: Your roadmap to buying a new or used car 

Thinking of buying a car in this year? Whether you need something for your commute, more space for an extra buggy, or your old-timer is just on its last legs - buying a new car can come with many decisions: electric or diesel, used or new, SUV or estate, as well as how to finance and where to buy it.

That's why we've partnered with motoring experts, the Journal and the Belfast Telegraph to bring you 4Wheel Guide; the complete roadmap to buying a car in 2021.

To kick off our series, we'll be looking at one of the most important topics that often trips people up - the differences between a car loan and a PCP finance plan. Will you own the car straight away, will you have to pay a deposit, and are there any mileage restrictions?

Take our quiz below and find out.



Keep an eye out for #4WheelGuide across Facebook, Twitter, or Instagram for more great advice on budgeting, choosing and buying your car as well as design and style ideas and inspiring stories – so you can gear up for the car of your dreams.

Imagine: a dream car that’s all yours. With a Credit Union car loan you’ll own the car from the outset, unlike hire purchase or PCP finance. There are no scary hidden fees, additional charges or balloon payments. Credit Union. Imagine More. Make a car loan enquiry online right here.