Join Date: Sep 2019
Location: Inverkip Scotland UK.
No you can buy a brand new car straight from the Dealership. The PCP facility is proving to be quite popular to a lot of people as an alternative to HP, as it also avoids a large cash outlay. It is also an alternative in some cases to having a company supplied car, which can have Benefit in Kind, Tax implications.
However, many people still buy a new car outright, using their current car in a part exchange type deal, or just a straight outright purchase, which usually attracts a good discount off the retail purchase price.
Many PCP cars do find their way into the secondhand market, as many people do not take up the option to buy at the end of the PCP agreement time scale.
My own car was a Mitsubishi UK management car, which was disposed of through the dealer network at an attractive price.
Owned S type Jaguar for 10 years and now on my second Mitsubishi, having recently replace my ASX ZC-M-DI--D with a Eclipse Cross 3 4x2. Atlantic Grey.