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Showing results for tags 'pcp'.
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Just posted this on the long running car pcp hpc thread, but thought it deserved its own thread.. Allegedly, Is this a massive bubble creating fraud , by mis -reporting / overestimating the sales figures to deceive potential buyers by exageration .?. 'hey , everybody is doing it, get on board !' Could it also be a sign of desperation ? edit: Central Bank finds fewer PCP deals in the State than previously thought Bank revises down number of outstanding contracts by 50,000 https://www.irishtimes.com/business/transport-and-tourism/central-bank-finds-fewer-pcp-deals-in-the-state-than-previously-thought-1.3628052 https://www.thetimes.co.uk/article/car-loan-estimate-goes-into-reverse-n0wv58k26 https://www.irishexaminer.com/breakingnews/business/pcp-lending-falls-15-in-first-half-of-the-year-868889.html — potentially reducing the prices of used cars in the future and pushing existing PCPs towards negative equity. -
As posted by Andy T yesterday on the main Hpc car lease PCP thread Several Hpc'ers thought this was very big news, and I believe it deserved it's own thread
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Where Dodd-Frank Didn't Go Far Enough exemption for auto lenders has led to a dangerous bubble https://www.bloomberg.com/view/articles/2017-08-10/where-dodd-frank-didn-t-go-far-enough https://carcreditcrunch.blogspot.co.uk/2017/08/where-dodd-frank-didnt-go-far-enough.html
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I posted this article on the long running hpc pcp thread, BoE investigates 'terrifying' rise in borrowing to fund new car purchases but thought it deserved its own thread, due to its' direct comparison to the last mortgage crunch The UK car business has 'exactly the same problems' as the mortgage market 10 years ago ... (turn adblock off to read) http://uk.businessinsider.com/uk-car-finance-pcp-mortgage-market-morgan-stanley-2017-7