Personal Contract Purchase

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Owning a car is an essential part of every day life for many people. But the use of a quality newer car for a fixed low monthly payment, has increasingly become a much more important consideration. With the ever increasing costs, high depreciation and running expenses often associated with ownership, it's now making more and more sense to evaluate the most affordable way to drive the car of your choice.

Many motorists are, like you, turning to a Personal Contract Purchase Plan (PCP) for their motoring needs. Simply because it offers them low monthly payments, plus flexibility to eventually own the car, hand it back, or to take out a new agreement on another vehicle.

PCP is a new flexible finance scheme that lets you drive a new, higher specification vehicle every 2 or 3 years, for a lower monthly payment than traditional finance plans. Aimed at helping people who want to drive a newer, quality car without over-committing themselves, PCP offers many benefits; just think of the lower maintenance and repair costs, plus greater reliability.

So, if you want a spacious estate for a couple of years, followed by a powerful saloon, then a rugged 4x4, PCP can make it possible.
Independence to choose

PCP is a purchase plan, which, unlike conventional car purchase, can offer a lot more flexibility and a lot more features:

1. New and used cars
2. Agreement period up to 3 years
3. Lower deposits
4. Lower monthly payments

PCP - the options

The agreement term normally runs for 2 or 3 years and at the end of this you are given a choice.

1. Another car - Simply sell or part exchange the car against a newer one, making the final payment (GFV) through your dealer. If the part exchange price is greater than the Guaranteed Future Value, you can keep the difference, or put it towards a deposit it on your next car.
2. Keep the car - pay off the Guaranteed Future Value and it's yours.
3. Return the car to the funder - with nothing to pay *, so you won't have any worries about resale values, a benefit few other schemes on the market offer.

 

 

For more information Telephone Pat or Jonathan Lawless 9.am to 5.30pm 01335 360763 / 360022 Mon-Fri. Out of hours 07918 756002 Fax: 01335 360088