What is PCP Car Finance?

PCP, or Personal Contract Purchase, is a type of loan 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…