Personal Contract Purchase
Personal Contract Purchase is a form of vehicle finance that is proving ever more popular with our customers due to its flexibility and low monthly payments. PCP finance has similarities to Contract Hire and Hire Purchase agreements as they all provide a flexible payment method; usually involving monthly instalments.
A PCP agreement requires the customer to pay a certain amount off the value of the contract over a set period or term usually somewhere between 24 and 48 months. The ownership of the vehicle remains with the funder despite the customer having the right to drive it throughout the term until final payment is made.
On final payment the ownership of the vehicle changes hands as the funding company receives the ‘balloon’ it estimated as the future residual value of the vehicle at the beginning of the agreement.
Advantages of Personal Contract Purchase
- Minimum Future Value
- Low Deposit and Monthly Payments
- Flexibility on Terminating Agreement
- Tax Advantages
We can offer great finance deals on a great range of vehicle manufacturers new or used. We have examples of our favourable finance agreements compared to our competitors here. Below are links to some manufactures whom we regularly supply finance deals; however our portfolio of manufactors is not limited to these and you can only be sure of the best deal if you contact us directly.