PERSONAL CONTRACT PURCHASE

Personal Contract Purchase (PCP) is another popular method for private individuals and non VAT registered businesses who want a hassle-free and cost-effective way to Finance and maintain a vehicle.

This product offers the flexibility of choosing your end of Contract Options and is available on New or Used Vehicle and Parallel Imports.

  • Two, Three and Four Year Contracts available.
  • Low Initial Payments (Normally 3 Months)
  • Fixed Cost Motoring
  • Optional Maintenance Package
  • New or Used Vehicles available
  • Wide range of end of contract options as shown below.

End of contract options:

Option 1 - Make the final 'balloon' payment and keep the vehicle.

Option 2- Extend the agreement by spreading the 'balloon' payment over a further agreed period.

Option 3 -  It may be possible to trade in the vehicle, releasing any available equity to form a deposit for your replacement vehicle.

Option 4 - Return the vehicle without making the 'balloon' payment. No further obligations, excluding any excess mileage or damage charges incurred.

Benefits to you:

  • lower monthly payments
  • flexibility - you can keep the vehicle, extend the contract or return the vehicle
  • payments not subject to VAT
  • available on new cars and used cars up to seven years old at the end of the contract
  • regular payments are kept low and the decision whether to keep the vehicle is left until the end of the agreement
  • repayments in advance or arrears