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Personal Contract Purchase

Personal Contract Purchase or PCP combines all the ebefits of traditional finance methods to offer you an attractive way to purchase your vehicle. You will benefit from affordable monthly payments which are often lower than those you would expect from a traditional finance plan of a similar duration.

At the time of sale a Guaranteed Future Value (GFV) is agreed, which is the amount that will be outstanding at the end of the agreement, This amount and the desposit you choose to pre pay are set against the vehicle price, and the monthly repayments are based on the balance plus the interest.

At the end of the agreement you will have three options:

Another car
Return to Carzone and choose a new car, using any excess value over the GFV towards a deposit on your next vehicle.

Return the car
Simply return the car and walk away. If the market conditions have changed and the car is worth less than the GFV, the lender will absorb any loss. Provided the vehicle is in good condition for its age and does not exceed the agreed mileage.

Keep the car
Keep the car by paying off the GFV. Even if the vehicle is worth more, you as a customer only have to find the agreed GFV set at the outset of the plan.

KEY FEATURES:

Fixed Repayments
At the beginning of the agreement, the amount you pay every month, the repayment period and the Guaranteed Future Value are fixed - They will not change.

Fixed Rate Interest
Even if the interest rates go up, the interest rates on your finance repayments will not be affected. This brings a welcome certainty to your financial planning.

Affordability
With part of the car's value deferred until the end of the agreement the monthly payments are lower than with many financial plans.

Opportunity
This plan gives you the opportunity to drive a new car every two or three years.

Financial Security
With the Guaranteed Future Value you have the security of knowing the minimum value of your car at the end of the agreement.

Choice
At the end of the agreement you can make a final payment and keep the car, hand it back, or trade it is and there's no need to decide what to do until then.