{"id":45544,"date":"2017-02-25T13:59:05","date_gmt":"2017-02-25T06:59:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/drive-off-with-a-secondhand-car-for-less\/"},"modified":"2017-02-25T14:14:31","modified_gmt":"2017-02-25T07:14:31","slug":"drive-off-with-a-secondhand-car-for-less","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/drive-off-with-a-secondhand-car-for-less\/","title":{"rendered":"Drive off with a secondhand car for less"},"content":{"rendered":"


\nBuying a used car was historically fraught with danger, but the rise of finance leasing deals means many three-year-old cars can be safely snapped upOver the past three years consumers have increasingly been relying on credit to fund new car purchases, with nearly nine out of 10 private vehicles bought this way during 2016, according to the Finance & Leasing Association. The rise of the personal contract purchase (PCP), which lets you buy, say, a new Ford Fiesta for as little as \u00a3150 a month and a small deposit, is largely behind the boom in cars sales in Britain. But with a lot of three-year PCP deals coming to an end in 2017, it might be a good time to pick up an ex-finance bargain.Under most PCP schemes the driver makes monthly repayments for three years before being presented with three options: either make a \u201cballoon\u201d payment and take legal ownership of the car; trade it in and use any equity as a deposit for another new car; or return the car to the dealership. If it is traded in or returned the dealership usually approves the ones in the best condition to re-sell. The rest are disposed of via an auctioneer, such as British Car Auctions (BCA), to a secondhand dealer or a private buyer (see box below), opening up the opportunity for bargain seekers. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Drive off with a secondhand car for less<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a used car was historically fraught with danger, but the rise of finance leasing...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-45544","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bQA","jetpack-related-posts":[{"id":77362,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pcp-capital-boss-says-newcastle-united-deal-still-alive\/","url_meta":{"origin":45544,"position":0},"title":"PCP Capital boss says Newcastle United deal still alive","date":"January 19, 2018","format":false,"excerpt":"\r PCP Capital was instrumental in the deal that saw Abu Dhabi's Sheikh Mansour buy Manchester City\r \r Source : arabianbusiness.com\r Read more...PCP Capital boss says Newcastle United deal still alive","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24661,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barclays-loaned-qatar-e3bn-to-fund-cash-call-claims-staveleys-pcp\/","url_meta":{"origin":45544,"position":1},"title":"Barclays 'loaned Qatar \u20ac3bn to fund cash call', claims Staveley's PCP","date":"September 1, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Barclays 'loaned Qatar \u20ac3bn to fund cash call', claims Staveley's PCP","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-leasing-how-one-petrolhead-has-become-more-wary\/","url_meta":{"origin":45544,"position":2},"title":"Car leasing: how one petrolhead has become 'more wary'","date":"September 19, 2017","format":false,"excerpt":"\r Finance plans offer cars for small monthly payments, but one driver found himself saddled with a \u00a3900 bill for minor repairsJames Ahari knows about cars after several years in the insurance industry, much of it spent handling motor policy claims. He is also a self-confessed petrolhead.But he says anyone\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66842,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-you-need-to-know-about-car-loans\/","url_meta":{"origin":45544,"position":3},"title":"What you need to know about car loans","date":"September 19, 2017","format":false,"excerpt":"\r Car firms have given out \u00a341bn of cheap loans to cause a boom in leasing, but obscure clauses may hide the real costThere has been a significant increase in the number of new cars on Britain\u2019s streets in the last three to four years, with vehicle registrations increasing to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43637,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-car-loans-driving-us-towards-the-next-financial-crash\/","url_meta":{"origin":45544,"position":4},"title":"Are car loans driving us towards the next financial crash?","date":"February 10, 2017","format":false,"excerpt":"\r Fears are being raised that a boom in personal contract plans is fuelling another colossal build-up of debt in UK and US A huge increase in the amounts borrowed by already-indebted households in Britain and the US to buy new vehicles is fuelling fears that \u201csub-prime cars\u201d could spark\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70542,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manhattan-office-leasing-picks-up-as-landlords-sweeten-deals\/","url_meta":{"origin":45544,"position":5},"title":"Manhattan office leasing picks up as landlords sweeten deals","date":"October 31, 2017","format":false,"excerpt":"\r Office leasing in New York\u2019s Manhattan district is on the rise \u2013 thanks in large part to deal sweeteners offered by landlords. With big companies reducing space and new towers rising across New York, office owners are trying to attract tenants by lowering asking rents and shelling out cash\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45544"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=45544"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45544\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=45544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=45544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=45544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}