Personal Contract Purchase (PCP)
Personal Contract Purchase (PCP) is a leasing option available to private individuals.
Benefits of PCP
People tend to choose PCP if they are new to leasing - They like the security of being able to purchase the car at the end of the contract.
The main points
- It's a method of personal car finance
- You'll receive road tax for the first year
- No VAT is payable
- You will have the option to include a maintenance package
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It offers a fixed monthly cost enabling you to keep on top of your finances
What happens at the end of the lease?
PCP gives you the option to purchase the vehicle at the end of the contract. Or simply hand it back with no penalty.
Other leasing options
Another leasing option available to private individuals is Personal Contract Hire (PCH).
Top tip - Take a look at our leasing finance comparison chart. This useful chart will help you compare leasing options at a glance.
Unsure which option is right for you?
Then call us on 0845 052 5268 or send us an enquiry - We'll happily go through the different options with you.
If you're unsure whether to put your new car through the business or lease personally, then call us, we'll go through it with you.
