Personal Contract Purchase (also known as PCP) is becoming a very popular alternative to hire purchase for end users and private consumers.

It is designed to be affordable and offers deposits starting from Nil and is combined with low monthly payments. The benefit of this is that It also allows individuals to change their vehicle on a more regular basis.

Main benefits of PCP are:

  • Low deposit and monthly re-payment plans
  • Flexible in allowing you to change your vehicle regularly
  • You are protected from vehicle depreciation
  • Allows you to drive the car of your choosing

PCP basic walkthrough:

  • When you have chosen your car, you agree your annual mileage and decide on the terms of repayment with one of our Sales Executives.
  • We then determine the Guaranteed Minimum Future Value (GMFV) of the vehicle at the end of the agreement and work out a deposit and monthly payment that works for you.
  • At the end of this agreement you will then have three options:

Return – Simply return the car back to us
Retain – Keep the car by paying the optional final payment
Renew – Trade it in for another car

If you would like more assistance or would like to discuss any financing options available to you please call any member of our team on 01472 358 625.