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
