Personal Contract Purchase / PCP
Suits individuals who want to run vehicles, avoid the risk of depreciation and disposal, but would like to option to purchase the vehicle. There is a similar funding option for business users.
Key Features and benefits:
- Fixed monthly repayments
- The funder will guarantee the future resale value of the vehicle at the end of the contract for a known fixed amount
- Option to take ownership by purchasing the vehicle for the residual value at the end of the contract.