Personal Contract Purchase
PCP finance,
with flexibility built in.
A flexible vehicle finance structure with fixed monthly payments and options at the end of the agreement.
Lower monthly payments.
End-of-term choice.
PCP may suit clients who want flexibility around keeping, changing or returning the vehicle at the end.
A flexible structure with
future options.
Personal Contract Purchase is a vehicle finance agreement where you usually pay an initial deposit, followed by fixed monthly repayments. A portion of the vehicle value is deferred to an optional final payment.
Preston Edwards Motor Finance works as a credit broker, not a lender. We help introduce clients to suitable PCP options through our panel of lenders, with clear explanation and discreet communication throughout.
Designed for flexibility. PCP can be suitable for clients who want a choice at the end of the agreement: keep the vehicle, change it, or return it, subject to the terms of the agreement.
How PCP finance
can work.
The exact structure will depend on the lender, vehicle, anticipated mileage, agreement term, deposit and affordability. We help explain the agreement before you decide whether to proceed.
Initial deposit
You usually pay an initial deposit, with monthly payments agreed over the term.
Fixed monthly payments
Monthly payments are set at the start, based on the agreement structure and mileage.
Optional final payment
A final payment is deferred to the end if you choose to keep the vehicle.
End-of-term options
At the end, you may be able to keep, change or return the vehicle, subject to terms.
What to consider with
PCP finance.
PCP can provide flexibility, but suitability depends on mileage, deposit, monthly budget, vehicle plans and lender criteria.
Annual mileage
PCP agreements are normally structured around an agreed mileage allowance.
Vehicle condition
Return conditions may apply if you choose to hand the vehicle back at the end.
Final payment
You should understand the optional final payment if you may wish to keep the vehicle.
Future plans
PCP may suit clients who like the option to change vehicles at the end of the term.
How it works
Tell us about
the vehicle
Share a few details about the car you’d like to finance.
We structure
the finance
We approach our specialist lenders to find the right fit.
Read, review
and sign
You review the terms and sign the finance documents.
Collect your
keys
Once completed, you’re ready to collect your vehicle.
PCP finance
FAQs.
A few common questions about Personal Contract Purchase car finance.
What is Personal Contract Purchase?
Personal Contract Purchase is a vehicle finance agreement with fixed monthly repayments and an optional final payment if you choose to keep the vehicle.
Is PCP suitable for prestige cars?
It can be, subject to status, lender criteria and the vehicle itself. Suitability depends on the car, mileage, term, deposit and how you plan to use the vehicle.
What happens at the end of a PCP agreement?
You may be able to pay the optional final payment to keep the vehicle, part exchange or change the vehicle, or return it subject to the terms of the agreement.
Are you a lender?
Preston Edwards Motor Finance is a credit broker, not a lender. We introduce clients to suitable finance options through our panel of lenders.