Credit crunch hits UK motorists

The financial turmoil has been headline news for some time now and it looks like it will be effecting UK drivers who have existing finance deals in place. Those who have a PCP (or personal contract purchase as it is also known) deals on their cars will have agreed to make a final balloon payment at their fixed repayment term in order to keep their vehicle. What has happend is that the amount that they are required to pay is now looking to overvalue... [Read More...]