What is PCP finance?
PCP finance offers the best in flexibility as you don't have to commit to buying the asset from the outset. You can use it for an agreed period of time, usually between 12 months and 4 years, and then decide at the end of this period what you would like to do with the asset.
At the beginning of the agreement your assets guaranteed future value (GFV) is calculated, based on an agreed mileage and age. This is deferred as a final 'balloon' payment.
At the end of the PCP vehicle finance agreement you have several options for what you can do with the vehicle. You can:
- Buy the vehicle by paying an agreed minimum residual value with option to re-finance
- Part-Exchange the vehicle for another
- Sell the vehicle privately (settling the balloon)
- Or return the vehicle with nothing more to pay (e.g. if depreciation resulted in negative equity)
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Personal Contract Purchase PCP
Personal Contract Purchase or PCP is an increasingly popular choice for vehicle finance. If you are looking for flexibility and low, fixed monthly payments for a new or used vehicle, PCP is perfect if you are opting out of your company vehicle scheme. Your company vehicle allowance can fund your monthly payments, but there is no company vehicle tax to pay. PCP finance may be the option for you.
Advantages of Personal Contract Purchase:
Low Risk
A minimum future value is guaranteed
Low Fixed Monthly Payment
Perfect for budgeting
Low Deposit
Doesn't tie up personal or business assets
Low Rates
Benefit from lower interest rates
Control
You decide the deposit, you decide the term
Upgrade Vehicle
Lower payments can help you choose a newer/higher specification vehicle
Options
Buy or sell car, part-exchange it or just return it at end of agreement
Flexibility
Settle your loan early
Choice
Great for those who change their car regularly
Tax Advantage
The cash alternative when you opt out of a company car scheme is not subject to company car tax
VAT Free
No VAT on your payments
VEHICLES AVAILABLE ON PERSONAL CONTRACT PURCHASE
No matter what you need help with funding the purchase of, Forza Finance can help
CUSTOMER REVIEWS
We value Forza Finance customers and appreciate their feedback
Excellent service. Jordan looked after us throughout and was always available to talk through any questions or queries we had. The speed of service was superb - the process took less than a day from start to finish with the funds being transferred almost immediately. I would highly recommend Forza to anyone who's looking to get finance for their vehicle. We're now looking forward to picking up our camper van tomorrow and making the most of the sunshine :). Many thanks Jordan- I was recommended Graham Forza by a friend and I couldn’t have been more happy with the service I received. Pleasant, helpful and professional. I would definitely use them again and recommend wholeheartedly
- Great service from Forza Finance. Graham was amazing and managed to turn everything around really quickly so we can pick up our lovely new van. Would definitely recommend these guys.
- These guys were brilliant. From initial enquiry until completion it took 24 hours and all paperwork was sorted and funds paid. Big Shout out to Jordan for being always on hand. I will be using them again for sure!
- Forza were very easy to deal with and even though the actual finance was eventually arranged with the same company as the dealer had quoted with, Forza were able to arrange a deal saving me over £500!
Graham at Forza was a pleasure to communicate with, always polite, makes a difference these days!
- Jordan at Forza Finance has been an absolute star to work with.
Nothing was too much trouble for him, and he really went all out to make the deal happen for me.
I was kept in the loop the entire time, and Jordan was extremely easy to get hold of should I have had any questions - no nightmare phone trees to deal with!
An all round great experience with Forza and Jordan, I can’t rate them highly enough.
- Fantastic support from Forza who were a massive help in getting our dream motor home on the road. Graham was fantastic support at every step of the journey. Couldn’t be happier :) well done
- Jordan was excellent. Sent my enquiry over late Saturday, had the documents at an impressive rate by Monday.Very happy with the rates given and the customer service! Should I need any more finance I will definitely be using this company!
The service provided by Forza Finance is excellent! They make sure everything is clear and they are in constant communication with you so you know where you are at in the process. Both Jordan and Graham were extremely helpful and they got me a great deal.
Would definitely recommend!
From start to finish Barry was extremely swift with all communications and I managed to get a really competitive deal matched with great customer service. I would highly recommend.
Excellent service from Graham and Barry from start to finish.....7 star service.- Forza finance came to the rescue and found a storming deal. Easy to deal with asked a few questions and had the deal sorted in 2-3 days Evan over the Christmas period.
I was recommended Graham at Forza by a friend and I couldn’t have been more happy with the service I received. Pleasant, helpful and professional. I would definitely use them again and recommend wholeheartedly.
Just thought I’d drop you a line to thank you for assisting me with the finance of my new car. Your courtesy and professionalism has made the whole process a breeze from start to finish and, as such, it has been a pleasure dealing with yourself and Forza Finance. Thank you, once again. I will definitely recommend your services to colleagues, friends and family.Kind regards, Henry Hichens.
Absolutely amazing customer service!! Very friendly, prompt and efficient service! Especially Graham who went above and beyond to really help us out! Highly recommend it anyone! Excellent customer service and incredible staff support! Really appreciate it!Thank you, Vithiya
Thanks for taking the time and making an effort in finding the right finance package for me. This was an important purchase and Forza displayed both the knowledge and expertise in securing and executing the deal with the minimum of fuss. I would highly recommend their services.
I wanted to get the best finance deal for my purchase and I'm extremely pleased I took my business to Forza. The Lease Purchase product recommended provided a strong residual value and affordable monthly payments. I will be back when I'm looking to buy again.- The number of options and subsequent advice made it easier for me to understand the products and make the best choice for me. Thanks for all your help and I will definitely be recommending you to friends, family and colleagues.
Forza Finance have worked with new client Hillside Leisure, specialists in Motorhomes and Campervans, on their funding solutions. Their first joint customer is now the proud owner of a Stone Blue VW Birchover.
From start to finish very impressed with the finance offered and customer service from Liam second to none would recommend these guys before using dealer finance.
Excellent comprehensive service. Clear and helpful advice, trouble free from start to finish, extremely helpful adviser (Barry Stockwell) and provided clear and timely communication with me the client, the car dealership and the lender. In addition to great customer service, Forza Finance managed to find the best interest rate on the market and provided the most cost effective PCP solution when compared against three other brokers and the car dealership's own finance. Would recommend without reservation. Thank You.
