I wonder if PCP might be the new PPI - mis-sold on the basis of un-affordability.
If I've understood this correctly the difference is that those who have been sold PCP haven't been disadvantaged ... if anything they've come out well. It is those providing the packages that are heading over a cliff.
I have to say I found the Telegraph article itself a bit suspect when talking about their "mystery shopper" exercise.
"
A salesman at one firm encouraged a customer, who said he had £400 total monthly disposable income, to apply for a deal on a Volvo V40 with heated seats and metallic paint. At a cost of £397-a-month it would have left the customer with just £3 a month to live on."
A consumer affairs reporter really ought to know what constitutes
disposable income.
~iw
