Personal Contract
Purchase (PCP) finance

1. 1
   Lower Monthly Payments – PCP typically offers lower monthly payments compared to traditional financing methods, as a portion of the repayment is deferred to the end of the agreement.
2. 2
   Flexibility – You have the flexibility to tailor the agreement to your needs by adjusting the deposit amount, monthly payments, and annual mileage.
3. 3
   Multiple End-of-Term Options – At the end of the agreement, you can choose to return the car with no further payments (subject to mileage and condition), pay a final balloon payment to own the car, or trade in the car and use any equity towards a new vehicle.
4. 4
   Early Settlement Option – You can choose to settle the agreement early if your financial situation changes, allowing you to pay off the remaining balance and potentially avoid further interest.
5. 5
   Newer Vehicles – PCP agreements often allow you to drive a newer or more expensive car than you might be able to afford with other financing methods, as the payments are lower and based on the vehicle’s depreciation rather than its full value.