What our car finance expert says
When looking at finance options for a car, it's sometimes hard to know which option is right for you. PCP breaks the process down in to 3 easy steps and can offer a more flexible form of finance. The monthly payments are also usually lower than HP or a personal loan.
However, with PCP you won't own the car at the end of the deal unless you make a balloon payment. If owning the car is important to you, think about whether or not you'll be able to afford a large one-off payment.
Matthew Harwood
Car finance expert
Need more help?
Can I end my PCP car finance early?
You can usually end your PCP car finance deal early but it can be costly to do so. If you’re considering ending your PCP agreement early, you should think carefully and check the wording of your contract.
Can I change the terms of my PCP agreement?
You can’t usually change the terms of your PCP agreement at a later stage. That’s why it’s important to read the wording of your contract and make sure you’re happy with the terms at the beginning.
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