Quote:
Originally Posted by robbiep
A PCP is renting a car - you do not own it at all. You have (probably) paid an advance rental, and a rental fee each month.
You have bought your house, with the aid of a mortgage. You are not renting it.
If you don't understand the difference between the 2, then there's really not much to be said.
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Please elaborate, or read your own last sentence back to yourself.
With both a PCP and a mortgage you pay a deposit, you pay monthly premiums and you don't own either until you have paid everything. No difference.