Personal Contract Purchase (PCP)

A number of years ago it used to be exclusive to business that finance companies would enable a substantial amount of a vehicles cost price to be offset to the end of the agreement, thus reducing the monthly outgoings on each car. In recent years however the popularity of the private user equivalent of business user Lease Purchase, 'Personal Contract Purchase' or PCP has grown to the extent that many thousands of the cars registered every month to private users are funded in this manner. Obviously, there is a benefit to the dealer in that you are likely to replace your car at the end of the agreement and with PCP you can have shorter term agreements and change your car more frequently for a lower than expected monthly outgoing. But because you are only funding the depreciation in the car, your monthly payments are lower and you do still have the following options at the end of the agreement.

PCP - Final payment options

"With Personal Contract Purchase there's a carefully calculated Guaranteed Final Payment applied to ensure that you really only fund the depreciation in your new car during your ownership. It's a great way to finance a car if you change them regularly, say every two, three or four years. PCP plans are available on cars up to 12 months of age advertised within the website. Amazing low monthly payments are possible for cars you might believe are out of reach..."  Here's the final payment options...

1. Return the car to the finance company at the end of the agreement and walk away. The final payment is guaranteed at the start. (Subject to excess mileage charges if applicable)
2. Part-exchange the car and use any equity as a new deposit
3. Pay off the final payment and keep the car

Here's some examples of new cars available on PCP finance agreements, with some surprisingly low monthly payments considering the price and specification of the cars on offer.

Disclaimer: Whilst every effort is made to ensure accuracy of prices within this website, due to the volume of prices involved and the nature of the business, prices may be affected by manufacturers increasing the price of vehicles without notice. All quotes are subject to confirmation from the supplying source. Thank-you.

All finance supplied by Allvehicles Finance CCL 602146. Full written details upon request. All finance quotes are subject to status and acceptance by finance company. Terms apply. Offer ends 31/12/2007
Design SCUK - Page last modified 06//09/2007 - E&OE