Personal Contract Purchase

A Personal Contract Purchase (PCP) plan will enable you to purchase your next car with lower monthly repayments. The way this is achieved is by deferring an amount of the total cost of the vehicle to the end of the contract. This amount is known as the Guaranteed Future Value (GFV).

The Guaranteed Future Value plus your deposit is subtracted from the cash price of the vehicle and your monthly payments are based on the balance (plus interest on the balance and the GFV). By only repaying the difference between the cash price and the optional balloon payment you are only financing the depreciation of the car.

At the end of the contract you have four options:

  1. You can return the vehicle to the finance company. As long as you have not exceeded the agreed mileage, you will have nothing more to pay.

  2. If you want to keep the vehicle, you can simply pay off or refinance the outstanding balloon payment.

  3. You can come back to us and part exchange your vehicle for a new one. If the trade-in value is greater than the GFV, the difference can be used towards a deposit on the next agreement.

  4. You can sell the vehicle privately and keep any profit over and above the GFV.

Contract Hire

Contract Hire is designed for businesses that want fixed rental payments over a period of 12-48 months without the worries of vehicle depreciation or disposal. The rental is based on a set annual mileage determined by you and can also include a range of additional options.

Finance Lease

Leasing is designed for businesses that want fixed rental payments but do not require eventual ownership of the vehicle. At the end of the lease 100% of the sale proceeds are repaid to you as a rental rebate. You also have the option of agreeing the anticipated future market value of the vehicle – known as balloon value – reducing your monthly payments.


Independence is a simple Personal Contract Hire scheme designed for individuals who are taking cash in place of a company car. After a member of our Fleet Sales Team has assessed your company’s eligibility, they will design a suitable Fleet Scheme to bring maximum benefit to your employees.

Lease Purchase

This option combines the traditional ownership benefits of Hire Purchase with the cash flow advantages of Leasing. You decide your initial outlay and period of contract. You have the option of reducing your monthly payments by agreeing the residual or ‘balloon’ value of the vehicle at the beginning of the contract. This sum is paid at the end of the agreement and the vehicle is yours.

Hire Purchase

Hire Purchase is designed to provide fixed-term funding with eventual ownership. You decide your initial lump sum deposit and contract period and provided all outstanding payments are made, the vehicle is yours.

A guarantee may be required. Over 18s only. Written details available upon request.

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