Looking at getting a new family vehicle in NZ and I was wondering (I've asked this at various garages to be told this wasn't offered), does NZ offer an equivalent system to the PCP (Personal Contract Plan) like they offer in the UK.
For anyone not aware a UK PCP is driving huge new car sales in the UK, where you put a small deposit down (perhaps an old trade) and then for the next three years you pay a monthly figure to the dealer then after three years you can either pay the rest off and buy the car OR hand the keys back and get the latest model.
Its this handing the keys back and getting the latest model that's appealing. Yes there are usually mileage restrictions with a PCP but it stops paying off the huge outlay for a new car in its entirety. You can keep the monthly payments reasonable, mindful of the fact your never going to own the car and this is the appealing bit.
Is anything like this on offer here? I was told if I was a business car dealers may consider it? But sadly I'm not a business.
is the Kiwi car market missing a trick here by NOT offering this system?