PCP is a flexible way to finance your car with lower monthly payments. Pay a deposit and fixed monthly payments, then at the end choose to own it, hand it back, or change it.
With PCP you pay a deposit followed by fixed monthly payments. Those payments are typically lower than HP because you're paying the car's depreciation rather than its full value over the term.
At the end of the agreement you have three choices: pay the final balloon payment to own the car outright, hand it back and walk away, or trade it in towards your next car. It's ideal if you like to change your car regularly and want lower monthly payments — just bear in mind PCP agreements include a mileage limit.
Find your next car and apply online, or talk it through with our team.