Leasing Finance

Last Updated: 10th Apr 2017

What Are The Benefits Of A Personal Contract Purchase Agreement?

The main benefit of a PCP agreement is the flexibility you get at the end of the agreement. You have three options. You can simply hand the car back without any extra cost, except the possible wear and tear and mileage charges. You can pay the balloon payment and take full ownership of the car. Or you can part exchange it in and upgrade.

Due to the fact that with a PCP agreement you are paying monthly payments to cover the depreciation of the car rather than the value of the car, your monthly payments will be lower than other leasing and finance options.