CAP has set the record straight on the issue of reduced residual values and their impact on drivers holding Personal Contract Purchase agreements.

Recent weeks have seen several consumer media titles publish stories which suggested that drivers with PCP agreements will be hit by falling residual values. Approached by several consumer media titles for assistance, CAP has explained where the true risk lies but this has not been reflected in the reports, which were designed to suggest that PCP holders (as the MailOnline reports here) are ‘stalked by the spectre of negative equity’.

This week Fleet News reported on the story, incorporating CAP’s view correctly. The story, including CAP's view, can be viewed online here.