Important Message
ALL OUR SALES STAFF WILL NOW BE WORKING FROM HOME Shoebury Sales Rob - 07944741035 Charlie - 07544351375 Southend Sales Alfie - 07860177594 Lee - 07842794093 Southend office - 07508 707650 Basildon Sales: Sean - 07368 482739 Grant - 07368 482745

PCP Finance

Personal Contract Purchase

Personal Contract Purchase (PCP) is a form of hire purchase agreement, which includes a voluntary "balloon" payment at the end. This final amount represents the future residual value of the car, based on the age of the vehicle at the end of the agreement and the forecast mileage.

Monthly repayments are generally lower under a PCP agreement than a comparable HP agreement because of this deferred amount. With this type of agreement, payment of the future value of the car is optional. it must be paid if you wish to own the car outright, but you could simply decide to hand the keys back and start another agreement for a different vehicle.