Personal Contract Purchase (PCP)

Making ownership easy, at the end of the contract the vehicle is yours.

The most common method of purchasing a vehicle today is called Personal Contract Purchase (PCP). This an excellent product which enables you to change your vehicle more often, which saves you from the future cost’s that inevitably arise from long term ownership.

With a low deposit from the outset and a guaranteed future value, this is a fantastic way of reducing your payments, sometimes over 40% compared with traditional Hire purchase or a bank loan and also the term you borrow the money over. 

Pay a deposit. Make your monthly payments. Pay a final or `balloon` payment based on your agreed anticipated mileage. That`s it.

Benefits to you:

• Fixed Lower monthly repayments
• Flexibility. You can keep the vehicle, extend the contract or return the vehicle
• Payments not subject to VAT
• Available on new and used vehicles up to 42 months at contract start date.
• Regular payments are kept low and the decision whether to keep the vehicle is left until the end of the agreement
• Guaranteed minimum value of vehicle set at the outset.
• Repayments in advance or arrears