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 Fixed Monthly Payment
VEHICLES AVAILABLE ON PERSONAL CONTRACT PURCHASE
No matter what you need help with funding the purchase of, Forza Finance can help
We value Forza Finance customers and appreciate their feedback
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.