PERSONAL CONTRACT PURCHASE
PCP or, to give it it’s full title, Personal Contract Purchase, is becoming a popular alternative to hire purchase.
With affordable deposits and low monthly payments, it allows the individual to change their van on a regular basis.
- Low and deposits and monthly payments
- Change your car regularly
- Protection against vehicle depreciation
- You can drive the van of your choice
How it works:
When you have chosen your vehicle, you will then agree your annual mileage decide on the agreement term with one of our Business Managers. We will then determine the Guaranteed Minimum Future Value (GMFV) of the vehicle at the end of the agreement and work out a deposit and monthly amount that suits you. At the end of your agreement you will then have three options:
- Return-Simply return the van the back to us.
- Retain-Keep the car by paying the optional final payment
- Renew-Trade it in for another vehicle.