If you're in the market for a new motor and thinking a PCP (Personal Contract Plan) is the way to go, then you may want to have a listen to this. 

Financial Expert Paul Merriman (of AskPaul.ie) called into Dermot and Dave this morning for a chat about the pitfalls involved with buying a car.

Himself and Dave discussed what type of loan is best to apply for and why you should never buy a vehicle straight out of the showroom. 

"When you borrow money from any financial institution, they're there to try and take money out of your back pocket"

Paul also helped decipher some of the misleading terminology used in dealerships and revealed some of the hidden rules. 

Dave had his own nugget of solid advice. 

You can listen to the chat in full by pressing play in the image above the headline at the top of the page.