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Used Cars on PCP
For those financing their next used car, many look to Personal Contract Purchase deals.
Commonly referred to as PCP finance, this type of credit is the most flexible going, and also helps reduce the cost of monthly payments when compared to the likes of Hire Purchase (HP)
Most of our used cars for sale are available on a PCP deal, as our second-hand vehicles are typically within the age and mileage criteria that allows for such financing.
On each of our used cars on PCP you’ll find a calculator that will allow you to alter such parameters as your deposit, term and mileage - this will help give a solid idea of what the car might cost you.
Understanding PCP Deals
For those unsure about how a PCP deal would work on a used car (or any vehicle for that matter), here’s a quick rundown:
- A deposit is paid upfront; this can be in cash, part exchange or both.
- Monthly payments are affected by deposit amount, estimated mileage during the contract, and the term length.
- What you pay per month goes towards the depreciation of the car during the contract, as opposed to the full value of the car; this helps keep monthly payments lower.
- The car is given a Guaranteed Minimum Future Value (GMFV); this is what the car will be worth at the end of the contract and is affected by the mileage & term length.
- At the end of the contract, you can pay off the GMFV to make the car you.
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. Offers available to everyone over the age of 18, subject to credit approval.

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