Personal Contract Purchase (PCP), is a flexible and popular plan that provides you with the option to change your car on a regular basis.
Pay a Deposit → Make Regular Monthly Payments → Then Choose One of the Three Options that Best Suits You at the End of Your Agreement.
Your Choices Ahead:
UPGRADE: You can part-exchange your car for a brand new vehicle.
RETAIN: If you want to keep your car, simply pay the GFV (Guaranteed Future Value) and you can own it.
RETURN: You can give the car back with nothing more to pay (subject to maximum mileage and meeting reasonable wear and tear conditions).
Is a PCP the right plan for me?
How do I compare finance plans?