Should we buy a Kia Niro on PCP?

Hi,

My husband and l are thinking of buying a new Kia Niro through PCP. Neither of us are "into" cars as such. We will have a deposit of €10,000 and it will be replacing our 2004 Toyota Corolla Verso. We like the fact that the Kia Niro is hybrid and we have already had a test drive and this sold it to us.

Any advice about the car or PCP would be much appreciated.

Many thanks

Jean

Jean McConnon (Carrickmacross)

May 2017 Filed under: choosing new car

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Expert answer

Hi Jean,

The Niro isn’t a bad car at all, and is certainly very frugal, although if you’re replacing a Corolla Verso you’re going to find that it’s much less roomy and less versatile inside. As for PCP, it’s a great idea for getting cheap finance and a low monthly repayment rate, but to make it work properly you really need to be committed to the idea of buying another new car in three years’ time. If not, then you could be better off with either a Hire Purchase agreement, or an old-fashioned bank loan.

Read our review of the Kia Niro here

Neil Briscoe - Complete Car Advisor
@neilmbriscoe