.jpg "What is PCP Finance on a Car")
.jpg "What is PCP Finance on a Car")
.jpg "What is PCP Finance on a Car")
What is PCP Car Finance?
PCP stands for Personal Contract Purchase and is one of the most popular car finance options available, mainly due to it being the most flexible.
PCP finance not only gives you an opportunity to have lower monthly payments compared to the likes of Hire Purchase (HP), but also allows you multiple options at the end of your agreement.
There are a few components to how a Personal Contract Purchase agreement works which may seem complicated; however, when broken down, it can be fairly easy to understand - so let’s get started…
Representative Example
This represents an average of the deals that our customers receive on other vehicles
We are a credit broker and a lender. We can introduce you to a limited number of lenders and their finance products. We will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. Lenders will pay commission to us (either a fixed fee or a fixed percentage of the amount you borrow) for introducing you to them, this may be calculated in reference to a variable factor such as (but not limited to) the vehicle age, your credit score and the amount you are borrowing. Different lenders may pay different commissions for such introductions.