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Personal Contract Hire & Personal Contract Purchase (PCP)

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Both Personal Contract Hire and Personal Contract Purchase (PCP) are similar to their Business Funding equivalents, but aimed at private individuals. These types of funding are particularly suitable to drivers who have opted out of company car schemes and have taken cash allowance.

What are the Benefits?

  • With Personal Contract Purchase (PCP) and Personal Contract Hire, you generally have fixed low monthly payments

  • At the end of a Personal Contract Purchase (PCP), you can walk away in another brand new vehicle.

  • With PCP, you have the options of paying the GFV (balloon payment) and keeping the vehicle, alternatively you can return it to the manufacturer with nothing further to pay.

Want to know more?

To find out more about Personal Contract Purchase and Personal Contract Hire and how your business can benefit contact us today for friendly advice.