“82% of new cars in Britain are bought using relatively new "PCP" loans, which let drivers pay less than the full value of the car.” - https://www.businessinsid

“82% of new cars in Britain are bought using relatively new "PCP" loans, which let drivers pay less than the full value of the car.” - https://www.businessinsider.com/uk-car-finance-pcp-mortgage-market-morgan-stanley-2017-7?r=US&IR=T https://www.businessinsider.com/uk-car-finance-pcp-mortgage-... So while I agree if someone says they are buying a “new car” it just could mean “new to them” I do think a lot of people do lease. I see a lot of young people with new BMWs etc, probably paying with money that they will regret not having put into their pension in years to come. Or maybe I should have lived a little bit more at their age.