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If you want the option to change or upgrade your vehicle at the end of the agreement.
You pay a deposit and the remaining amount borrowed is split into monthly instalments. We guarantee the minimum amount the vehicle is worth at the end of the agreement.
With PCP, you could benefit from lower fixed monthly payments compared to Hire Purchase and Conditional Sale.
Available for: cars and motorcycles
You put down a deposit of around 10% of the vehicle price and pay the remaining cost of the vehicle over the term of the agreement.
Monthly repayments are fixed during the agreement and spread equally throughout the term, including interest. The agreement is up to four years (48 months).
We guarantee the minimum the vehicle will be worth at the end of the agreement, based on agreed annual mileage and maintenance of the vehicle (any excess mileage and/or damage may incur additional charges).
At the end of the agreement you can pay the ‘option to purchase’ (OTP) and Guaranteed Minimum Future Value (GMFV) fees to become the legal owner of the vehicle, hand it back to us and walk away, or part-exchange it for a new one.
If you're unable to keep up with their payments we may repossess the vehicle.
Watch this introduction to PCP and see why it might be the right choice for you.
We have a range of finance products available to you, depending on your budget and your vehicle needs.
If you want to own the vehicle in the long run.View product
If you want the option to hand your vehicle back.View product
If you want the option to change or upgrade your vehicle.Current product