View Single Post
      12-06-2017, 06:25 PM   #6
jmg
Major General
jmg's Avatar
United_States
4653
Rep
5,819
Posts

Drives: 2016 F80 M3, i3 REx
Join Date: Mar 2013
Location: Orange County, CA

iTrader: (0)

Garage List
Quote:
Originally Posted by babaikram View Post
Are people confusing PCP (Personal Contract Purchase) to lease. There is no option of buying a leased car in the UK, your name is not even the registered keeper. However PCP gives you the option of buying the car outright or returning the car at the end of the contact.
I've never heard that term before. Must be just a UK term? Here in the US you can request for a pay off price anytime during the lease. There is also what is called a Balloon Loan, which is the option to pay the ballon payment at the end to purchase the car. The payments are usually higher than a lease, but the ballon payment at the end is lower than if you had leased and purchased at the end.
__________________
F80 ///M3 Weekend
i3 REx Daily

Previous: F30 340i M Sport ZTR F30 328i Sport Audi B7 S4 25Quattro #33 of 250