Personal Contract Plan

Same car, manageable payments. With a Personal Contract Plan (PCP) you get a more flexible method of financing your car over a fixed amount of time.

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What is a PCP finance agreement

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.

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How PCP finance works

Find out if a PCP is the best finance option for you

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.

Why choose avocado?

With over 40 years of experience selling premium used cars, we have all the experience to get you into your new car.

We have a fantastic selection of used vehicles including Tesla, Audi, Mini, Mazda, Mercedes-Benz, Jaguar, Ford and many more.

Premium Used Vehicles

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. ​

Flexible finance and part exchange

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.

Three months MOT Six months warranty

Get 6 months warranty and 3 months MOT complimentary with every purchase of our premium used cars.

Fully valeted

Every vehicle will have a full professional valet before you collect it to give it that new car feel, even if you know better.

Premium Used Vehicles

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. ​

Flexible finance and part exchange

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.

Three months MOT Six months warranty

Get 6 months warranty and 3 months MOT complimentary with every purchase of our premium used cars.

Fully valeted

Every vehicle will have a full professional valet before you collect it to give it that new car feel, even if you know better.

Personal Contract FAQs

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

  • A significant proportion of the credit is deferred until the end of the period which will need repaying should you decide to own the vehicle​
  • The interest on the final payment is calculated differently to the body of the credit as no capital is reducing​
  • The vehicles resale value may not be worth more than the final payment, meaning that your deposit may be reduced for your next vehicle. Therefore, you should be prepared for higher repayments​
  • Your vehicle is at risk of repossession if you do not maintain the contractual repayments​
  • Agreed mileage limited are imposed at inception​
  • Excess mileage charges apply​
  • You must maintain fully comprehensive insurance throughout the term of the agreement​
  • You must not sub lease or rent the vehicle to a third party​
  • There may be restriction on usage of the vehicle during the term of the agreement​
  • Charges may apply for late payments or to alter the repayment date (these are detailed in the SECCI)​
  • Any outstanding finance must be settled if the goods are sold.

Discover our cars

Volvo V40 DIESEL HATCHBACK D2 [120] R DESIGN Pro 5dr
Price

£10,995

USED

32,000 miles

or from £257 per month
Diesel
Manual
2016
View vehicle
Audi A5 DIESEL SPORTBACK 35 TDI S Line 5dr S Tronic
Price

£26,995

USED

22,739 miles

or from £437 per month
Diesel
Automatic
2021
View vehicle
Audi Q3 ESTATE SPECIAL EDITIONS 2.0T FSI [211] Quattro S Line Plus 5dr S Tronic
Price

£15,995

USED

43,739 miles

or from £374 per month
Petrol
Automatic
2014
View vehicle
Bmw 4 SERIES CONVERTIBLE M440i xDrive MHT 2dr Step Auto
Price

£39,795

USED

7,801 miles

or from £635 per month
Petrol
Automatic
2021
View vehicle
Jaguar XE SALOON 2.0 Prestige 4dr Auto
Price

£11,995

USED

34,035 miles

or from £280 per month
Petrol
Automatic
2015
View vehicle
Bmw I3 HATCHBACK 125kW 42kWh 5dr Auto
Price

£17,695

USED

12,812 miles

or from £299 per month
Electric
Automatic
2021
View vehicle
Volvo V90 ESTATE 2.0 B5P Cross Country 5dr AWD Auto
Price

£28,995

USED

32,354 miles

or from £475 per month
Petrol
Automatic
2020
View vehicle
Mini HATCHBACK 2.0 John Cooper Works 3dr Auto
Price

£16,345

USED

46,611 miles

or from £382 per month
Petrol
Automatic
2017
View vehicle

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.