What is Personal Contract Purchase?
With Personal Contract Purchase (PCP), you can purchase your vehicle with a deposit, monthly payments and, if you wish to own the vehicle at the end, a balloon payment (also known as the Guaranteed Future Value). Since you won’t have to pay for part of the car until the end of the contract, this gives you additional flexibility.
How does PCP work?
PCP is a straightforward agreement with agreed monthly payments that allows you to budget effectively with multiple options at the end of your contract. PCP offers more flexibility, especially if you’re unsure what you want to do with your vehicle at the end of your contract, or require lower monthly payments than a standard Hire Purchase Contract.
At the end of the agreement, you have three options:
1. Part exchange your vehicle
You can part exchange for a new one and start another contract.
2. Keep your car
You’ll need to pay an optional final payment (also known as the Guaranteed Future Value (GFV) or Balloon payment) and the vehicle will be yours. If you do not have the money to pay this in full, you may be able to refinance the remaining amount and own the car outright once all the payments have been made.
3. Return your vehicle to us
Should excess mileage and damage impact the value of your vehicle it could be worth less than the GFV, meaning that additional payment could be necessary.
Features & Benefits of PCP
- Multiple options for the end of your contract.
- Set monthly payment tailored to you.
- You need not worry about the future resale value of the car as we set the GFV
- Finance is available on both new and used vehicles.
Returning your vehicle
If you would like to return your vehicle at the end of your agreement , you will need to notify us via your online account.
Find out what to expect at the end of your agreement, with our helpful end of contract guide.
Personal Contract Purchase for Business
We are pleased to offer Personal Contract Purchase on cars for Business users. To find out more please contact your local retailer.
If you are a business customer looking to finance a new van from any of our manufacturers, we are pleased to offer PCP Pro. This is a product that is specifically designed for van users.
Find a Retailer
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Abarth
Are you ready to feel the adrenaline in every ride?
View the range and browse finance offers online, in addition to configuring your vehicle and booking a test drive.
Alfa Romeo
Looking for best-in-class performance, without compromising the pure Italian style? Configure your Alfa Romeo today.
Browse available finance offers and request a quote online. Alternatively, locate your local retailer for further details.
Citroën
Are you ready to find a Citroën that suits your style and personality?
View finance offers, configure your vehicle and order online today.
DS Automobiles
Considering entering the world of haute couture but want to discuss your finance options further?
Your local retailer will be happy to discuss your options.
FIAT
Crafted with iconic style, FIAT have a range of vehicles to keep you on the move.
Configure your vehicle and get a quote online or visit your local retailer for further details.
Jeep®
If a 4x4 is the style you're looking for with uncompromised performance, Jeep® has you covered.
Build, price and view online using the Jeep® virtual demo tool or visit your local retailer for a test drive and further information.
Maserati
If you're looking for a car that's unique by design and innovative in nature then Maserati is for you.
Build your vehicle online, book a test drive or locate your nearest dealer today.
PEUGEOT
Whether you're looking for a compact city car or a larger SUV, Peugeot has something for you.
Configure your vehicle, get a part exchange valuation and apply for finance online. Alternatively, visit your local retailer for further information.
Vauxhall
There's a Vauxhall to suit every need, including those looking for a fully electric vehicle.
Browse, configure, apply for finance and order online, or visit a local retailer for more information.
FAQs
