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| PCP Vehicle Search . . . |
| Please use our online PCP quote engine to help tailor a finance package to your specific requirements. And please do not hesitate to contact us should you need any further clarification or assistance in determining the best package for you. PCP Explained PCP stands for Personal Contract Purchase. This is a finance plan which has the aim of significantly reducing monthly repayments during the length of the agreement (when compared to a traditional Hire Purchase scheme), whilst also offering more flexibility at the conclusion of the agreement (details to follow). Its popularity is understandable as it can allow perhaps otherwise unattainable cars to fall within budget. With a PCP, a large portion of the loan - known as the minimum guaranteed future value of the vehicle (MGFV) - is deferred until the end of the agreement. Accordingly, monthly repayments are considerably reduced as they are based on the price of the car less the MGFV and any deposit you may wish to leave, rather than simply the full cash price of the car. The MGFV and monthly repayments are calculated using a variety of factors, such as the estimated value of the car at the end of the agreement, mileage per annum, size of deposit and the length of the agreement. There are three options available at the end of the PCP agreement:
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