What is Personal Contract Purchase (PCP)?
What is Personal Contract Purchase (PCP)?
Personal Contract Purchase (PCP) is a finance product that allows you the opportunity to buy a new or a used car. It is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments over a term (usually between 18 to 48 months).

What are the advantages of PCP?

What should you consider when opting for PCP?

Can I settle my PCP agreement early?

What is Hire Purchase (HP)?
What is Hire Purchase (HP)?
Hire Purchase is a way to finance buying a new or used car. You will normally pay an initial deposit and will pay off the entire value of the car in monthly instalments. When all the payments are made, the Hire Purchase agreement ends, and you own the car outright.

What are the advantages of HP?​

What should you consider when opting for HP?

Can I settle my HP agreement early?