Understanding a Personal Contract Plan
A PCP is a flexible method of financing a vehicle over a fixed term.
You decide the amount you put down as a deposit, the length of your agreement and your annual mileage.
The agreement defers your decision of whether you purchase, hand back or part exchange your vehicle until the end of your agreement.
You decide the amount you put down as a deposit and the length of your agreement. Giving you the reassurance of knowing exactly what you will need to pay to own the vehicle outright in the future (this is known as the Optional Purchase Payment/Balloon Payment).
The Optional Purchase Payment helps you guard against the risk of unplanned depreciation and enables you to benefit from lower monthly payments as you are only financing a proportion of the vehicle's value.
Once these have been agreed you pay the monthly payments until the end of the contract.
You're then given the option of buying the vehicle, part exchanging it or buying it outright.
We have a fantastic selection of used vehicles including Tesla, Audi, Mini, Mazda, Mercedes-Benz, Jaguar, Ford and many more.
Our vehicles are hand-picked based on quality. We ensure every vehicle's history and mileage are independently checked and verified. And we carry out HPI checks for further peace of mind.
We have a number of flexible finance options available to you. From a Personal Contract Plan, to a Hire Purchase agreement or buying outright. You're in the driver's seat.
Get 6 months warranty and 3 months MOT complimentary with every purchase of our premium used cars.
Every vehicle will have a full professional valet before you collect it to give it that new car feel, even if you know better.
Our vehicles are hand-picked based on quality. We ensure every vehicle's history and mileage are independently checked and verified. And we carry out HPI checks for further peace of mind.
We have a number of flexible finance options available to you. From a Personal Contract Plan, to a Hire Purchase agreement or buying outright. You're in the driver's seat.
Get 6 months warranty and 3 months MOT complimentary with every purchase of our premium used cars.
Every vehicle will have a full professional valet before you collect it to give it that new car feel, even if you know better.
A PCP gives you fixed regular payments meaning you can easily budget. Payments are based only on a proportion of the vehicle’s value, keeping your monthly payments lower.
Our Optional Purchase Payment avoids the risk of unplanned depreciation of your vehicle. And you can defer your ownership decision until the end of the agreement.
A PCP is a flexible method of financing a vehicle over a fixed term. The agreement defers your decision of whether you purchase, hand back or part-exchange your vehicle until the end of your agreement.
With Hire Purchase (HP) you’ve bought the car outright at the end of your repayment period.
Yes, this will be arranged with our sales team at the point of purchase.
If at any point you wish to voluntarily terminate your agreement, the vehicle will be subject to our return checks, as vehicle condition, excess mileage and other charges may be payable.
A 'Fair Wear & Tear' clause and a maximum of 20,000 miles will apply if the vehicle is returned at the end of the agreement and may apply in the event of Voluntary Termination.
Once your final payment is made as well as a nominal 'Option to Purchase Fee' of £10, you will own the vehicle outright. You do not own the vehicle outright until the final payment is made
£20,595
6,862 miles
£13,495
35,354 miles
£17,295
21,294 miles
£22,895
9,526 miles
£18,495
61,255 miles
£14,995
40,895 miles
£20,795
28,700 miles
£34,995
10,165 miles
Finance Representative Example (HP): Based on a cash price of £18,795 with a £1000.00 deposit, borrowing a total credit of £17,795.00 and making 48 monthly payments of £446.87. Total amount payable of £22,449.76. Representative APR of 11.9%, 9.46% fixed interested rate, 10,000 annual mileage limit with a 8p excess mileage charge.
