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You are in some ways right - several of my colleagues have bought cars on PCP and been faced with significant charges at the end of the lease period because they had curbed wheels. If you read the T’s & C’s there is a section about condition and wear and tear.
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We've got two cars on PCH. My view, based on reading the T&Cs, is that I'm not going to get fussed about anything that can be polished out (by me) in half a day or less at the end of the lease. Anything that I can't polish out (e.g. scratches through clear coat) is beyond "fair wear and tear" and I should probably be expecting to be pinged for.
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All depends really...
When you part ex a car at the end of a pcp you’re not “handing it back” to the finance company so you won’t get a bill for the damage as such, they’ll just take it into account when appraising it / valuing it. If you hand it back to the finance company at the end of the agreement due to it being worth less than the GMFV / Final payment, that’s when you’re likely to get stung for any damage. Hope this makes sense
As an aside, from having sold cars for 10ish years mostly on pcp it is worrying that pretty much no one understands how they actually work!
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@el_presidente
Question re leasing and/or PCP. My cars have a reasonably hard life, not washed very often, filthy muddy kids & the occasional dog inside, etc etc. They get driven down narrow country lanes where bushes WILL scratch the paint. How much does the condition of car matter at the end of the lease / contract hire period? I've always shied away from these deals for precisely this reason but maybe I am being overly cautious?