Car Finance PCP Explained

Personal Contract Purchase (PCP)

Personal Contract Purchase generally provides a lower monthly payment than other options such and HP as a portion of the vehicles value is deferred to a final payment at the end of your term.

This payment is a guaranteed minimum future value and is agreed at the start so you know exactly what the vehicle is going to be worth as a minimum in the future through a part exchange. PCP is popular amongst those who change their car or van every few years, this can be very beneficial avoiding regular repair and maintenance cost by changing sooner.

Please Watch the informative video explaining Hire Purchase below.