Personal Contract Purchase (PCP)

How Does a PCP finance scheme Work?

PCP is an extremely popular finance product due to the ammount of choice it offers you. It is a tried and tested way of paying for your new car. In fact, it’s easy as 1 2 3.....

1) You tell us how much deposit you would like to pay.

2) Your salesperson will calculate your monthly payment based on the maximum annual mileage to suit your needs.

3) The finance provider will calculate the Optional Final Payment depending on your driving requirements.

You will get three choices when your PCP agreement comes to an end:

CHOICE 1 - DRIVE AWAY A NEW CAR

If the vehicle is worth more than the Optional Final Payment amount, you can bring your vehicle in to part exchange and put the difference towards the deposit on a new/replacement car

CHOICE 2 - RETURN YOUR CAR

Simply return your car or van in good condition, within the agreed mileage and pay nothing, as long as you meet any conditions set and agreed at the start of the agreement.

CHOICE 3 - KEEP YOUR EXISTING CAR

Should you wish to keep your vehicle and not upgrade to a new current specification car, simply pay the Optional Final Payment and you will own the vehicle.

THE BENEFITS OF PCP:

  • Negotiable deposit
  • Lower payments than traditional HP schemes
  • Fixed monthly payments
  • Option to change your car every 2 to 3 years
  • Upgrade to a better specification
  • Add accessories to personalise your car.
  • Guaranteed future value (optional final payment) at the end of the agreement, giving you added security

PCP Enquiry