So I am currently in year 3 of my 5 year HP agreement with about £4500 left to pay off (pretty sure i got screwed when i bought the car looking at it now)

I just wondered what peoples opinions are on HP, PCP and whatever others there are.

I do near 20,000 miles a year and i know with some of them the mileage allowance can be crippling when you come to renew.

I would like to think if i part ex my car it would cover the cost of the reamining finance, certainly looks that way when I CAP check it but i'll no doubt be over zealous with what I could get :P

So what are your opinions? Which is best?

For used cars I always opt for a personal loan to be honest and buy the car outright. Used car finance cant match the banks interest rates at the minute. Dont believe the 0% finance on used cars you see either as the cars are overpriced to cover the interest rates.

Ive never bought a new car yet, almost did last year through the broker Car Wow as the deal was very good but i changed my mind in the end and bought a used car.