- If you’re one of the 80% of PCP customers who decides not to buy the car at the end of the deal, you’ll have paid more per month than if you’d taken out a personal lease instead. PCP finance examples and calculations There’s nothing like a worked example to help illustrate ...
GMFV (Guaranteed Minimum Future Value): This is the minimum value the finance lender will guarantee your car will be worth at the end of the agreement. It’s possible – nay likely – the car will be worth more than this, which means you’ll have some extra equity you can use to con...
The most common way of taking out PCP finance for new or used cars is usually from a finance company that either works for or is owned by a specific car maker. However, there are also many other companies offering this form of finance, and you can search thebest new car dealsand the ...