Personal Contract Purchase
Personal Contract Purchase, commonly referred to as PCP, is designed to give greater flexibility by giving you more options at the end of the contract. Simply choose your car and the amount of deposit you want to pay, how many years you want the contract to run and your expected annual mileage. From this information we can calculate your monthly payment and the future value of the car. At the end of the contract your options are:
- Hand it back - simply hand the keys over and walk away with no future responsibilities
- Take ownership - by paying the guaranteed future value and you will then take ownership of the car
- Choose a new car - part exchange your car and choose a new one
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