In a world where car ownership has taken a leasing-centric turn, it's time to face the reality: we're all leasing cars, whether we admit it or not. Very few people on Personal Contract Purchase (PCP) agreements actually end up keeping their vehicles, essentially making it a leasing arrangement. So, in this tell all video, we delve into the realm of car finance options to help you make the best decision for your next car.

Join us in Leasing.com's inaugural School of Motoring episode, where Howard Ritchie sheds light on the various ways to finance your next car. Cash, PCP, Hire Purchase (HP), or Lease – each option is examined with transparency and insight. Ever wondered what a balloon payment is and who actually pays it? Contemplating the wisdom of buying a brand-new car outright with cash? Curious about the pros and cons of a personal loan? Look no further.

While we do hold a soft spot for leasing, we understand that it may not be everyone's cup of tea. Rest assured, this video remains unbiased, presenting Howard Ritchie as he stands, armed with only a whiteboard and a less-than-impressive drawing ability. He simply lays out the facts and clarifies the intricacies of car buying options, ensuring you're well-informed to make the right choice.

So do feel free to comment on what you already knew... whether you're a leasing enthusiast or exploring alternative routes, Howard Ritchie's School of Motoring is here to guide you through the maze of car finance possibilities. Let the knowledge unfold and the whiteboard master enlighten you, one drawing at a time.


Key moments:
00:00 – Introduction
00:30 – How does PCP car finance work?
03:30 – How does leasing (PCH) work?
05:18 – Should you ever buy a new car with cash?
06:52 – How does HP car finance work?
07:15 – PCH vs PCP vs HP summary

Leasing vs PCP with real world examples: https://bit.ly/3t2hzTC
Five car leasing questions answered: https://bit.ly/3p8OkO0
How to choose your leasing plan: https://bit.ly/3v8fCI2
What credit score do you need to lease a car? https://bit.ly/3heLMJQ