New Car deals at Massive Discounts
from UK Main Dealer Franchises
You will receive a call at the time you requested.
PCP (Personal Contract Purchase) Car Finance
PCP car finance is a very popular form of motor vehicle finance.
This is due to the flexibility of the loan and low monthly repayments.
It is also ideal for people who like to change their car regularly.
Car-finance.net can offer you great low rates on PCP car finance due to the strong relationships we have built up with no fewer than eleven UK finance companies. PCP car finance is available to you, regardless of whether you are purchasing privately or through a dealer.
What is PCP Car Finance and how does it work?
PCP car finance is different than a traditional Hire Purchase agreement where you repay the capital and interest over the life of the agreement, owning the car in the end.
With PCP car finance you still pay the interest, but we defer an amount until the final repayment. The amount of capital you repay is reduced, and by deferring
the guaranteed future value of the car to the end, your monthly repayments will be lowered.
Your final payment is based on the future value of the vehicle after calculating the estimated annual mileage, and the age of the vehicle at the end of the agreement.
The final payment amount is guaranteed based on two conditions: you do not exceed the agreed annual mileage, and the vehicle is returned in good condition.
At the end of the loan period you make a choice.
• You can own your car by paying the deferred final payment.
• Sell or part-exchange your car and use the money to pay the rest of the loan.
• Hand the car back (subject to terms and conditions) and walk away from the deferred part of your loan.
If PCP car finance seems like the right finance option for you, please use one of our finance calculators for a sample finance quote.
If you have any further queries Call on 0845 680 1508
