Personal Contract Purchase (PCP)
A personal contract purchase (PCP) deal is like hiring a car for a long term, but with the option to buy at the end. Generally the higher the deposit you pay, the lower the monthly payments. You pay off the depreciation of the car, not its full value.
At the end of the agreement, if you decide you want to keep the car, you make a 'balloon' payment. This covers the remaining cost of the vehicle. If you don't want to keep the car, you can give it back, or start a new PCP deal and get a new car.
Hire Purchase (HP)
Hire purchase (HP) is an arrangement where you hire a car from a finance company until you've fully paid for it. You tend to pay an initial deposit and monthly instalments. Generally the higher deposit, the lower the monthly payment. And after the final payment is made, it's yours to keep!
Our team of friendly advisers is on hand to make sure you find your perfect car.
Whether you've already found your car on site, or would like some assistance, we can help you.
Call us on: 0333 234 6011
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We are closed on bank holidays.
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