Buying a car in retirement? Arthur chose PCP, Margaret paid cash, and Brenda bought used. Same pension, same savings, same ten years, yet one of them ended up more than £24,000 worse off. In this video, we run the real maths on PCP vs cash vs a nearly new used car, so you can see what each choice really costs UK retirees over a decade.

We cover how PCP interest is charged on a final payment you may never make, why the first four years of a car's life are the most expensive, what a real lease actually costs, and the five situations where PCP genuinely makes sense for retirees, including the voluntary termination right. All figures are illustrative examples, so check current rates and quotes before you decide.

👉 Subscribe to UK Retirees Wealth for more clear, honest videos on UK retirement finance and investing, and hit the bell so you don't miss our next video on mobility schemes. Tell us in the comments: have you used PCP, paid cash, or bought used? Would you do it again?

This video is for general information and education only and is not financial advice. Consider speaking to a qualified adviser about your own circumstances.

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