Annie Shaw: Your money problems solved – car special

Annie Shaw / 02 April 2019

Queries answered on paying parking fines and what's the best way to buy a car – a loan or PCP?


I need a new car. Is it better to get a car loan or use a PCP (personal contract purchase) arrangement?


PCP deals work best for people who like to change or upgrade their car often. They are a kind of cross between hire purchase and a lease, in that you pay money each month. But, unlike hire purchase, you don’t automatically own the car after the last payment and, unlike a lease, you get the option to keep the car by paying a lump sum at the end of the deal. Usually, however, borrowers using PCP hand the car back or roll the arrangement over for a fresh deal on a new car.

Should you buy or lease a car? 

If you just want an economical car, taking out a loan will probably be better value. But PCP can ensure you always drive an up-to-date car.

Are we heading for a PCP finance crash?

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Is it legal for a car park to fine me for not paying the fee they demand?


Any penalty imposed for non-payment of the correct fee depends on who owns the land. You can be issued with a penalty charge notice, similar to a fine, in respect of parking infringements on public land – such as car parks operated by local councils, which have legal powers to administer parking regulations.

Paul Lewis on parking fines

The owners of private car parks cannot impose such penalties but they can charge you to park, and if you don’t pay they can take you to court for breach of contract.

Is parking on the pavement illegal?

Operators of accredited car parks can obtain the names and addresses of car owners from the DVLA and send an invoice for non-payment to them, and add an administrative charge. Many websites tell you how to fight parking fines if you think you’re being charged unfairly.

The opinions expressed are those of the author and are not held by Saga unless specifically stated.

The material is for general information only and does not constitute investment, tax, legal, medical or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Always obtain independent, professional advice for your own particular situation.