Personal Contract Purchase (PCP)

Personal Contract Purchase, or PCP, packages can be tailored to suit individual needs to include all or some of the following;

• Fixed Cost Maintenance
• Insurance
• Fully Comprehensive breakdown cover

A guaranteed future value (GFV) is incorporated into the personal contract purchase (PCP) agreement, which can allow the driver to select a higher specification vehicle for a lower monthly repayment.

At the end of the PCP agreement the driver has the choice of paying the GFV, returning the vehicle or selling the vehicle and retaining any proceeds over and above the GFV.

The Car & Van Shop can provide individual calculations to establish whether the driver is better or worse off by opting out of a company car scheme.

The benefits of a personal contract purchase (PCP) agreement are:

• Minimal initial outlay, typically 3 months repayments.
• No depreciation risk.
• No maintenance risk (if selected).
• Any equity is retained by the driver.
• Fixed cost.