Quote:I'll admit I've had to google what the foc PCP is (not the angel dust drug). You're right talk about irresponsible lending, it's a foccin' mess.
It's creating an artificial bubble that's fuelling the price hikes, god preserve us!
The bit I don’t quite understand is who owns the bike.
I mean in the old days, the dealer bought stock, maybe got some on credit, and then sold the stock to us. We often financed it, but the dealer still paid for the stock one way or another.
Today, folks pay for the depreciation on the product. So the dealer can’t be paying for the stock. So is it a tie up between finance companies and the importer or manufacturer. But it still leaves me wondering how the units get paid for. I mean the manufacturer surely still charges per unit.
Seems to be a bit of an endowment situation.
I don’t think it’s fuelling price hikes, but it sure is a good way of hiding them. And prices have definitely gone up sharply since………………… :groan yeah BREXIT :rolleyes
Oh and get this celticdog, when your bike goes back to the dealer after your 3 year PCP, they sell it again on a used PCP deal. And still nobody had bought the bike.