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Should I pay a higher deposit on a PCP to reduce my monthly payments?
On a PCP, if I pay a higher deposit it reduces the monthly payments, I think. When is it a good idea to pay the higher deposit on a PCP?
Asked on 3 July 2010 by Angela1996
Answered by
Honest John
If you have money sitting doing nothing, then better to use it for a higher deposit than leave it in the bank where it is earning almost zero per cent interest.
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