- Email:
- lesley@tracerfinance.co.uk
- Phone:
- 07557 123926
PCP car finance with lower monthly payments and flexible end-of-term options for personal and business buyers exploring vehicle PCP finance.
Personal Contract Purchase allows you to spread the cost of a vehicle with lower monthly payments by deferring part of the value until the end of the agreement.
You usually pay an initial deposit, followed by fixed monthly payments based on the vehicle’s expected value at the end of the term.
With PCP, you are financing the difference between the vehicle’s purchase price and its anticipated value at the end of the agreement, often referred to as the guaranteed future value which is how most car finance PCP agreements are structured.
At the end of the term, you have options. You can make a final payment to keep the vehicle, return it with nothing further to pay (subject to condition and mileage), part exchange it for another vehicle or refinance the final payment due.
Mileage limits apply, and the vehicle must be returned in line with fair wear and tear guidelines if you choose not to keep it.
PCP suits buyers who want lower monthly payments and the flexibility at the end of the agreement.
It can be a good option if you are unsure whether you will want to keep the vehicle long term or prefer to review your options at the end of the agreement.
PCP finance is available for cars, vans and selected specialist vehicles, subject to lender criteria.
This option can be arranged for both private individuals and businesses, with agreements tailored around expected usage and mileage.
If PCP sounds like the right option for you, the next step is to request a quote.
With over 30 years’ experience in the finance industry, Lesley will explain your options clearly and help you decide whether PCP is the most suitable choice.
You may also want to explore other vehicle finance options depending on your circumstances and how you plan to use the vehicle. Tracer Finance can arrange a range of solutions including Hire Purchase Car Finance,Lease Purchase Car Finance, and Refinancing Existing Car Finance. Each option works slightly differently, and Lesley can help you decide which structure is most suitable for your needs.
