USED Car PCP & HP vs NEW Car Lease | Car Finance Comparison UK

USED Car PCP & HP vs NEW Car Lease | Car Finance Comparison

Is there still great value available to you when leasing a new car? or is a PCP on a nearly new used car going to be a better deal?

In this car finance comparison video we compare PCP and HP on a used car vs a lease deal on a brand-new car. Car leasing vs PCP is not a new question and it's one I've covered in the past on my channel but it's good to keep these things fresh and lots of people in the comments have been asking me to compare a nearly new used car on traditional finance products vs a lease on a new car to try and look at the immediate and longer term costs.

You'll see that whilst the HP deal appears to be expensive you must remember that you're financing almost the whole purchase price of the car whilst with the PCP you're really only financing around half of the price initially with a further lump sump to find if you decide to keep the car.

Is car leasing better than traditional car finance? can leasing a new car save you money vs buying a used car? do the numbers and decide for yourself. Car leasing is also known as Personal Contract Hire of PCH whilst PCP is also known as Personal Contract Purchase, HP is Hire Purchase and then of course there's always the option of a car loan / bank loan.

Leasing vs owning a car, in a fight between car lease vs pcp which one wins? well there's no clear winner for everyone, it all depends on your budget, your appetite for risk, and your personal feelings on ownership. I hope this video gets you thinking before you simply go ahead and do what you always did.

#carleasing #leasevspcp #carfinance

🚗🚗𝙈𝙔 𝙇𝙄𝙉𝙆𝙎🚗🚗

​‌💙❤️️𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗦𝗽𝗼𝗻𝘀𝗼𝗿𝘀​❤️️​‌💙

🔥🔥𝘼𝙁𝙁𝙄𝙇𝙄𝘼𝙏𝙀 𝙇𝙄𝙉𝙆𝙎🔥🔥

Important : This channel tries to deliver honest advice for real people. Remember that I am not a financial advisor or car finance professional and am therefore not qualified to give any kind of financial advice, views shown here are purely my own but you must make your own financial decisions. Always seek professional advice before entering a finance arrangement of any kind and seriously consider your financial position and the long-term affordability of any deal that you may enter into.

All music used in this video is written, recorded, and produced by me.

𝙋𝙡𝙚𝙖𝙨𝙚 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚! ;)

[davidcrowdy]

Great advice thanks for all your videos always enjoy watching them.

[mirzamahmud]

Thanks for the comparison. Really enjoyed and appreciate it👍🏽

[JSGXXX]

Nice comparison, thank you for taking the time to do this 😁

[robertligeti]

HI, thanks for the videos you make about used car purchase options and history check. Most helpful for one being new on the market.

[desmondseeto]

Another great video. Love your no BS approach to the dark arts of car buying.

[dibsetuk]

Ohh wow! Thanks for your amazing break down. It's by far the best car leasing car video I've seen. Hence why I I'm now a new subscriber.

Keep the good work up!

[Battismore-Blue]

Its battered my head trying to get it round the best and worse ways to purchase a car, I do keep coming back to your channel, very good info .

[cliveingram]

Very precise, very quick, to the point, excellent.

[MickeyHassan]

Thank you so much. It helped a lot in understanding all these different options.

[leslienicholls]

Very interesting set of figures, thanks for the info, it's given me food for thought in terms of leasing a vehicle

[mat]

Thanks for another great vid Jim, clear, informative and gimmick free. I just thought of an idea for another numbers video, cost comparison owning a car Vs not owning a car (ie getting by on public transport and hire cars)

[andyburns]

Always interesting. In the middle of my first lease - influenced by your videos. Was having some doubts about the value of leasing due to the current state of the market. This video reassured me that I’ve made the right choice.

[hmrj]

Thank you. Explaining things unedstandably straight to the point.

[thesilverfox]

I do appreciate your clear information around the ever difficult to navigate PCP -v- HP - v - Lease. I’ve been trying to convince my other half, who likes to own everything to agree to leasing our next car. Using the calculator and spreadsheet as per your video I feel it will help us both. As I love cars so buy with heart and not head. Other half no interest in cars just the cost. Thanks again, great channel!

[sweetsreeve]

Great video that has explained leasing in 6 mins. After seeing the figures in black and white on the spreadsheet. I’m convinced that lease deal better off. Now keeping my eye out for your monthly videos on the best deals. As changing cars soon.

[woodlandshousemaintenance]

Great channel lots of good advice
Keep up the good work

[markdixon]

Very, very useful comparison. Thank you!

[ABCABC-bznw]

Excellent content with simple explanations. Change my car every 3 to 5 years and always went with a personal loan. Last time went for a PCP deal which after watching your channel should probably have looked at leasing. Lesson learnt.
Keep up the great

[williamUK]

Great video thanks for taking the time to make it 👏

[stephenwilson]

Cheers and thanks for the insight. Hope you’re well 👍