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PCP car finance can seem very confusing
Personal Contract Purchase PCP is fast becoming one of the most popular ways of financing your new pickup truck , simply due to its flexibility. You choose your new pickup, the deposit, how long you want the contract to run for, and the mileage you intend to do. In return you get fixed cost motoring for the term of the contract.
At the end of the contract you have a choice to either buy the car outright for an agreed lump sum the minimum guaranteed future value , part exchange the pickup vehicle and use the equity you have built up as the deposit on another new vehicle, or hand the pickup vehicle back to the lender and walk away without owing anybody anything subject to the mileage and condition of the vehicle at this time. Wants a more expensive vehicle than their budget would normally allow.
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Wants ownership of the vehicle without a large initial outlay. Wants multiple options at the end of the contract.
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