Personal Contract Purchase
Personal Contract Purchase is a flexible and effective finance option that allows for lower monthly payments for easy budgeting.
This is because Personal Contract Purchase payments are related to the depreciation value of the vehicle, rather than the full value of the car.
When you come to the end of your Personal Contract Purchase, you have several options available;
• return the car to the dealership,
• pay the outstanding balance on the value of the car,
• or part exchange the vehicle for a different vehicle entirely.
If you decide to pay the remaining balance, the final payment amount will is based on the Guaranteed Future Values (GFV), which was agreed at the start of your finance contract.
Personal Contract Purchase is a simple and effective way to purchase a new car on a regular basis, in an affordable manner.
As with any finance products, you can settle early if desired, although there are settlement costs included.
The duration of a Personal Contract Purchase agreement is between 18 and 48 months. The most common term is 36 months.
Have we answered all your queries with regards to Personal Contract Purchase?
If you would like further information or to discuss our Personal Contract Purchase Finance option, then please contact us via our contact form to the left or alternatively call us on 01443 824 216.
We will get back to you as soon as we can to discuss this with you in more detail.