Personal Contract (PCP)

Personal Contract (PCP)

Personal Contract Purchase – or PCP for short – is a car finance package where you pay set monthly payments over an agreed period, normally 2, 3 or 4 years, with a deferred amount of money to be paid at the end of the contract, this makes monthly payments less than paying the full amount of the loan over the period.

The deferred amount of money typically equates to the value of the vehicle at the end of the contract, and payments and the end value of the vehicle are worked out based on your annual mileage, there are penalty clauses for excess mileage at the end of the contract should you decide to hand the vehicle back.

At the end of the contract the final payment can be paid in full, re-financed against the vehicle, or the car can be handed back to the finance company with no penalties.

As with Hire Purchase the loan can be settled in full at any time, therefore enabling you to Part Exchange your vehicle before the end of the contract.

Call us TODAY and let us find YOU the BEST DEAL
01565 830972

What our customers are saying

The Team at Manchester Automotive are extremely helpful, very knowledgeable and will go the extra mile (pardon the pun) to find the right car, at the right price. Would thoroughly recommend them.

Dave Lofthouse, Cheshire

I’ve bought 2 cars from Manchester Auto and I’m definitely coming back for my next one!

Dave Cordwell