Oireachtas Joint and Select Committees
Wednesday, 23 February 2022
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021: Committee Stage
Seán Fleming (Laois-Offaly, Fianna Fail)
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The other point is, as everybody knows generally with the PCPs, the cars with the high mileage, such as those outside of the urban areas are the ones that give rise to a big difficulty at the end of the period. This is because some of contracts are based on annual mileage. Some people in urban areas feel that these cars are great. However, people who are doing 40,000 to 50,000 km per annum in their cars have a specific difficulty at the end of their PCP agreements. In addition, the electric vehicle issue is another new element. We will endeavour to see what information we can obtain through Government sources. When we get that we will send it on to the committee.