Whether you're an existing Stellantis Financial Services customer, or you're considering taking out a car finance contract with us, you might have questions about what to expect when your contract ends.
In this guide, we'll outline the different finance plans we provide and explain what happens at the conclusion of each one.
At the end of a PCP contract, you have three options:
With PCH, you are simply taking out a long-term lease on your car and returning it when the contract ends. Before it's returned, your car will be inspected (see below) and, if applicable, charges made for excess mileage or damage.
If you opt for a Personal Finance Lease, you tailor your monthly payments to suit your budget. This means varying the deposit and duration of the contract or agreeing a final lump sum to clear the outstanding value at the end of the contract. This is known as a balloon payment.
At the end of a PFL contract, you have four options:
Conditional Sale is a simple way to spread the cost of buying a vehicle. It works like a personal loan. When your contract ends and all the payments have been made, the car is yours to keep.
Depending on which finance contract you've chosen, your car will be subject to an inspection to determine what (if any) excess charges you will need to pay.
This inspection will cover:
If you need further help or information on what happens at the end of your car finance contract visit our FAQs page or contact us.
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