Car Finance - PCP Personal Contract Purchase

UK Car Finance is in a fantastic position to offer you Personal Contract Purchase (PCP) on any Uk main dealer supplied car.

We have fantastic facilities for this service, and can also access the mian dealer's offers, saving you as much as possible on your monthly payment.

Definition of PCP:
PCPs normally operate for two, three or four years. At the beginning of the period the customer will pay a deposit and have set monthly repayments. At the end of the contract there are three options facing the customer:-
- Start the process all over again by going back to the dealer, trading in the car and paying off the Minimum Guaranteed Future Value [MGFV] to the finance company. Any surplus can then be put towards the deposit on a new car. Alternatively, the car can be sold privately, keeping any surplus in excess of the MGFV.
- Return the car and walk away. If the market conditions have changed and the car is worth less than the MGFV, the lender will absorb any loss, provided the vehicle is in good condition for its age and does not exceed the agreed mileage.
- Keep the car by paying off the MGFV. Even if the vehicle is worth more, the customer only has to find the agreed Minimum Guaranteed Future Value set at the outset of your finance plan.
Both new and used vehicles can be purchased on a PCP plan. Limitations apply.