There has been a boom in PCP finance deals for cars, and it’s starting to worry some institutions, including the Bank of England. The BoE is concerned that consumer credit is growing much faster than household incomes, and the fastest sector of that growth has been in dealership car finance. Should we, like the BoE, be worried?Personal Contract Purchase finance means that you can get a brand new car for either no deposit or a deposit of a few thousand pounds. You then defer a lot of the value to the end of the three-year term, so you’re often only…