Personal Contract Purchase
For those who appreciate greater flexibility, Personal Contract Purchase (PCP) can provide an excellent option. As well as offering lower monthly payments than a standard Hire Purchase (HP) product, you have a number of choices at the end of your agreement. This enables you to make a final decision after spending significant time with your vehicle.
Rates Starting From 8.9% APR*
How does PCP finance work?
At the start of the agreement, you will receive a Guaranteed Future Value (GFV). This is calculated using the total mileage you will use and a prediction of the vehicle’s future value. Following your down payment, you make monthly payments for the term of the agreement, which typically lasts 36-60 months.
Towards the end of the agreed term, when the final payment is due, you have three options:
Pay for the vehicle and own it outright
This final payment is sometimes referred to as a ‘balloon payment’.
You can also opt to refinance at this stage which Above.Beyond will be happy to help you with.Hand the vehicle back to the finance company (subject to any charges)
Part-exchange the vehicle
Above.Beyond will be happy to support you through the process of finding a new vehicle and arranging competitive finance.
Although PCP can seem complex, it is an increasingly popular way to finance vehicles and now accounts for over three quarters of new car finance arrangements.
By fully understanding your individual circumstances and preferences, Above.Beyond can offer the options that are most suitable for you.
Your Finance: A Simple Journey
Get a quick quote
Enter your details below and one of our finance experts will research the best deals in the market to put together the best package available for you.
Rolls Royce Spectre
DISCOUNTED BY £75k!
The most powerful Rolls-Royce ever — a spiritual successor to the Phantom Coupé and an emblem of artisanship in perfect harmony with electric technology.
