PCP Finance

Personal Contact Purchase

PCP or Personal Contract Purchase, as its formally known as, is a contract that allows you to make regular monthly payments over an agreed time period at an agreed rate for your new vehicle.

It's similar to Hire Purchase except the rate is typically lower due to the vehicle's residual value being agreed at the beginning of the contract.

With PCP you are able to defer ownership of the vehicle until you reach the end of the contract. At this point you have the option to hand the car back or pay what's commonly known as a "balloon" payment which is representative of the agreed residual value.

Like hiring a car at a low rate with the option to buy towards the end. PCP is great for those who typically only keep a car 2 years into their 4 year PCP agreement as you can re-finance/upgrade to a newer vehicle at an agreed rate before your contract is up, subject to status.

Or, you can keep it for the full term and be presented with different options at the end, giving you more freedom and choices, especially if you're not sure where you're going to be in 4 years time.

We work with a panel of lenders to offer you different types of finance, talking you through the different options and the benefits of each, so you can find a deal that suits your lifestyle and circumstances. If we don't think finance is the right option for you, we will tell you so, and offer you alternative solutions.

Instant Car Finance has a team of dedicated experts who will be on hand to help and guide you through the process. Whether you're a finance expert yourself or completely new to this world, we will do everything we can to make sure everything is clear and simple throughout.

Apply online or get in touch with a member of the team.