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.
Finance options to suit you
We have a range of finance products available to you, depending on your budget and your vehicle needs.
- Fixed monthly payments
- Early repayment options
- Own the vehicle at the end of the agreement
- Option to own the vehicle at the end of the agreement
- Option to exchange the vehicle at the end of the agreement
- Excess mileage charges
- Vehicle condition charges (Wear and Tear)
- 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
- Excess mileage charges
- Vehicle condition charges (Wear and Tear)
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
- Excesss mileage charges apply
- Vehicle condition charges apply (Wear and Tear)