There are two reasons why your monthly payments will be lower on a PCP than on an equivalent hire purchase (HP) agreement: 1. Your payments do not cover the entire cost of the car; the balloon payment makes up the remainder of the car’s price and you don’t have to pay it unless...
WE ARE A CREDIT BROKER, NOT A LENDER As featured in Representative Example Personal Contract Purchase: Cash Price £20,000.00, Deposit £4000.00, borrowing £16,000.00 over 4 years at 8.9% Representative APR (fixed). 48 monthly payments of £214.83 followed by a final payment of £10...
Using our finance calculator is easy. Simply type in the deposit you would like to pay, choose your preferred term length and adjust the mileage slider (PCPonly) and watch the monthly payment amount update in real time.