Personal Contract Purchase
A PCP or Personal Contract Purchase is a modern method of funding your new car.
A Personal Contract Purchase enables you to enjoy the best two or three years of a cars life coupled with fixed low monthly payments.
Using this method means that the future value of your car is guaranteed.
At the end of the plan you have three options:
- Hand back the car with nothing more to pay (subject to conditions)
- Exchange the car for a new one
- Pay the guaranteed future value and buy the car outright.