0800 999 7741 Personal Contract Purchase
What is Personal Contract Purchase?
Personal Contract Purchase (PCP) is a finance contract designed to reduce your monthly payments by delaying part of the payment until the end of the agreement.
The monthly payments, deposit, annual mileage and final payment can all be tailored to your individual requirements and the agreement can be settled at any time. The final payment is referred to as a guaranteed minimum future value or residual value, calculated using industry data on the estimated value of your car at the end of the finance agreement. The final payment is usually adjusted downwards to ensure you are left with equity for your next purchase.
PCP is unique as the final value payment is guaranteed by the finance company. This means that if your car has declined in value more than the original estimate, you can return it to the finance company without having to pay extra costs. You can also repay off the final value and keep the car or use it in part exchange.
To find out more please contact us on the form below or visit our dealership in Tunbridge Wells, Kent or Slough, Berkshire.
