THE Leasing Broker Federation issued its first press release yesterday.

Produced to tackle car finance misconceptions, currently running at hyperdrive intensity in the media, the factsheet clarifies the two different forms of car acquisition – PCP and PCH – detailing how they work, the benefits to consumers and the drawbacks.

Jane Pocock, managing director of Vansdirect, said:

“It is important that the Leasing Broker Federation helps to support the brokers as they are, in ensuring the clarity of message is out in the market, and we challenge misleading communications.”

This is an important step in the development of the Federation to become a trusted communicator on issues of vehicle finance.

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The factsheet was approved by the Leasing Broker Federation Steering Committee prior to publication.

You can read the full factsheet below.

 A Guide to Personal Contract Purchase and Personal Contract Hire

Click here to access the factsheet.

– you should have seen it in a briefing we sent you yesterday