Key Product

Personal Contract Purchase

A flexible option that lets you defer part of the cost

Benefits and risks of a personal contract purchase

Personal contract purchase (PCP) is a type of car finance that allows you to spread the cost of a new or used car over a fixed period, usually between two and four years.

At the end of the contract, you have three options: you can pay a final amount (also known as a balloon payment) to own the car outright, you can return the car to the dealer and walk away, or you can trade the car in for a new one and start a new PCP contract.

Some of the benefits of PCP are:

Some of the risks of PCP are:

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