Personal Contract Purchase (PCP)
PCP is a popular and easy way for you to own a more expensive or a higher specification, new or used car, than you may normally consider.
It is ideal for customers wanting to change their car more often, or if you're a company car driver who wants to ‘opt out’.
You choose your deposit, contract period, annual mileage you intend to do, and combined with a Guaranteed Minimum Future Value,
‘GMFV’ (means you know exactly what your ‘minimum’ future part exchange value will be),provides you with lower fixed monthly payments
than other forms of finance, all to suit your budget.
The ultimate in flexibility, PCP lets you keep your options open until the end of the agreement, when you can choose to either:
- Part-exchange your car for a new one.
- Purchase your car by paying the optional final payment (GMFV).
- Hand the car back with nothing more to pay.