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

Bmw 4 SERIES DIESEL COUPE 435d xDrive M Sport 2dr Auto [Professional Media]
Price

£18,495

USED

34,930 miles

or from £433 per month
Diesel
Automatic
2015
Newbury
View vehicle
Audi A1 SPORTBACK 35 TFSI S Line 5dr S Tronic
Price

£22,495

USED

20,000 miles

or from £348 per month
Petrol
Automatic
2022
Guildford
View vehicle
Honda JAZZ HATCHBACK 1.3 i-VTEC EX 5dr CVT
Price

£11,495

USED

37,000 miles

or from £269 per month
Petrol
Automatic
2017
Newbury
View vehicle
Mini HATCHBACK 1.5 Cooper Sport 3dr
Price

£19,495

USED

15,000 miles

or from £300 per month
Petrol
Manual
2022
Newbury
View vehicle
Bmw 3 SERIES SALOON 330e M Sport 4dr Auto
Price

£22,495

USED

29,153 miles

or from £345 per month
Petrol/PHEV
Automatic
2020
Newbury
View vehicle
Audi A3 SALOON 35 TFSI S Line 4dr S Tronic
Price

£22,995

USED

20,525 miles

or from £357 per month
Petrol
Automatic
2021
Newbury
View vehicle
Volvo XC60 DIESEL ESTATE 2.0 D4 Momentum Pro 5dr AWD Geartronic
Price

£24,695

USED

39,790 miles

or from £387 per month
Diesel
Automatic
2019
Dorchester
View vehicle
Audi Q3 ESTATE 40 TFSI Quattro Sport 5dr S Tronic
Price

£24,495

USED

20,985 miles

or from £573 per month
Petrol
Automatic
2019
Newbury
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.