Personal Contract Purchase (PCP)

Lower monthly payments. More flexibility.

PCP finance gives you lower monthly payments and the flexibility to choose what to do at the end. You can keep the car, return it, or upgrade.

PCP Car Finance - Personal Contract Purchase explained

What is PCP Finance?

Personal Contract Purchase (PCP) is a flexible way to finance a car. You pay a deposit followed by lower monthly payments. This is because part of the car's value is deferred to the end of the agreement as an optional final payment. At the end of the term, you choose the option that suits you best.

Here's How It Works

Pick your car

Choose the car that suits you.

Pay a small deposit

Secure your car with a small upfront deposit.

Enjoy lower monthly payments

Spread the cost with affordable monthly payments.

Decide what to do at the end

You'll have flexible options to choose from.

Pick your car

Choose the car that suits you.

Pay a small deposit

Secure your car with a small upfront deposit.

Enjoy lower monthly payments

Spread the cost with affordable monthly payments.

Decide what to do at the end

You'll have flexible options to choose from.

Pick One of the Options at the End

Keep the car

Pay the optional final payment and take ownership.

Return the car

Hand the car back with nothing more to pay, subject to mileage and condition.

Upgrade

Use any equity towards your next vehicle.

PCP Finance: Is It Right for Me?

Personal Contract Purchase (PCP) is a flexible way to finance a car — here's everything you need to decide.

Benefits of PCP

Lower monthly payments
Flexible end of term options
Opportunity to upgrade regularly
Drive newer cars more often

Highlights

Full ownershipNo mileage capPredictable

Things to consider

You do not own the car unless you pay the final payment
Mileage limits apply
Charges may apply for excess mileage or damage
There is a larger final payment if you keep the car

Keep in mind

Higher PaymentsNo ownership yetSettlement fee

PCP is ideal if:

You want lower monthly payments
You like changing cars every few years
You want flexibility at the end of term
You drive a consistent annual mileage

Best suited for

High mileageFixed budgetOwnershipFlexibility

Why Choose PCP with Car Planet?

Lower monthly payments than HP

Enjoy more car for your budget.

Flexible end-of-term options

Choose to keep, return, or upgrade.

Upgrade your car regularly

Drive a newer car more often.

Access trusted UK lenders

We work with reputable and trusted lenders.

Clear, transparent finance terms

No hidden fees. Just straightforward finance.

Frequently Asked Questions (PCP)

You can keep the car, return it, or part exchange it.

It is the amount required if you want to own the car at the end.

You will be charged per extra mile as stated in your agreement.

Yes. You can return it with nothing more to pay if conditions are met.

Yes, but early termination charges may apply.

Finance Representative

Product

Conditional Sale

Cash Price

£16,450.00

Deposit

£1,645.00

Total Amount of Credit

£14,805.00

Total Amount Payable

£21,495.20

Administration Fee

£0.00

Option to Purchase Fee

£10.00

Fixed Rate

6.8%

Duration of Agreement

60 Months

Initial Payment

£330.87

Monthly Payment

£330.67 x 58

Final Payment

£340.67

APR Representative

12.9%