Personal Contract Purchase (PCP)

If you want the option to change or upgrade your vehicle at the end of the agreement.

Spread the cost of your vehicle with a guaranteed minimum future value

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

Initial deposit

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.

Fixed monthly payments

Monthly repayments are fixed during the agreement and spread equally throughout the term, including interest. The agreement is up to four years (48 months).

Guaranteed minimum future value

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).

Choose to own, return or exchange the vehicle

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.

Finance is secured against the vehicle

If you're unable to keep up with their payments we may repossess the vehicle.

See how it works

Watch this introduction to PCP and see why it might be the right choice for you.

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Finance options to suit you

We have a range of finance products available to you, depending on your budget and your vehicle needs.

Conditional Sale (CS)

If you want to own the vehicle in the long run.

View product
  • Fixed monthly payments
  • Early repayment options
  • Option to own the vehicle at the end of the agreement
  • Option to exchange the vehicle at the end of the agreement
  • No excess mileage charges
  • No vehicle condition charges (Wear and Tear)
View product

Hire Purchase (HP)

If you want the option to hand your vehicle back.

View product
  • Fixed monthly payments
  • Early repayment options
  • Option to own the vehicle at the end of the agreement
  • Option to exchange the vehicle at the end of the agreement
  • No excess mileage charges
  • No vehicle condition charges (Wear and Tear)
View product

Personal Contract Purchase (PCP)

If you want the option to change or upgrade your vehicle.

Current product
  • Fixed monthly payments
  • Early repayment options
  • Option to own the vehicle at the end of the agreement
  • Option to exchange the vehicle at the end of the agreement
  • No excess mileage charges
  • No vehicle condition charges (Wear and Tear)
Current product