Personal contract purchase (PCP), often referred to as a personal contract plan, is a form of hire purchase vehicle finance for individual purchasers, similar to both personal contract hire and a traditional hire purchase (buying on installments). · The Personal Contract Purchase (PCP) structure represents a specialized form of vehicle finance that has gained significant traction for its low monthly payment structure. This method allows consumers to drive a new vehicle without immediately committing to the full purchase price. What is a Personal Contract Purchase (PCP)? A PCP is a contract that gives you access to a car, with the option to buy it at the end of the deal. Yes, a growing number of car makers are also offering PCP deals on used models and online brokers offer PCP deals with competitive rates too.See full list on whatcar.comYou simply need to add up the deposit, monthly payments and MGFV. Most car company websites have finance calculators that will show you all of these figures for each model and trim level and let you alter the deposit and term of the deal and see how it affects the monthly payments and overall cost.See full list on whatcar.comSome finance companies make this easy and relatively inexpensive to do, and others stipulate that you can’t end the deal early, so read the terms and conditions carefully before taking out a deal. Ending a PCP deal early will usually involve paying a settlement fee, which will include the cost of the car that hasn’t been paid off, plus the MFGV and...See full list on whatcar.comDec 17, 2025 · Personal ContractPurchase (PCP) is a form of car finance that allows you to pay to keep the car at the end of the deal. · A personal contract purchase (PCP) agreement is a way of financing new or used cars. It effectively works as a long-term rental, meaning you'll be able to drive the car until the contract ends. Personal ContractPurchase (PCP) is a popular finance option when purchasing a car or van, but is it the right option for you? Find out more about PCP here. · Personal ContractPurchase (PCP) is a form of car finance that allows you to pay to keep the car at the end of the deal. · A personal contract purchase (PCP) agreement is a way of financing new or used cars. It effectively works as a long-term rental, meaning you'll be able to drive the car until the contract ends. Personal ContractPurchase (PCP) is a popular finance option when purchasing a car or van, but is it the right option for you? Find out more about PCP here.
