Personal Contract Purchase (PCP)
......For individuals who prefer to keep their options open
Personal Contract Purchase is popular with individuals who would like the option or owning a vehicle at the end of their lease.
This type of agreement operates in a similar way to Personal Contract Hire, with the major difference that individuals have the option to buy the vehicle at the end of the term for an amount which is guaranteed at the start of the agreement. This final 'balloon' payment would make you the legal owner of the vehicle, or alternatively the vehicle can be returned to the leasing company with nothing more to pay* This flexibility gives you the best of both worlds - you can purchase the vehicle if it has held its value well, or return to the leasing company if it hasn't!
You choose the length of contract, normally a minimum of 2 years, ranging up to 5 years. You specify your ideal vehicle choice(s), along with any manufacturer cost options required, and you then decide on how many miles per annum you are likely to travel. Our experienced team will then negotiate the best level of discount with Vehicle Manufacturers and dealerships, and source the best possible Personal Contract Purchase rate from our panel of lenders.. At Concept Vehicle Leasing, we work directly with a number of leading banks and financial leasing companies, to ensure you get the lowest possible PCP deals every time.
Regular payments are fixed at the start of the lease term, and remain unaffected by changes in the used car market or interest rates. Payments are determined from the original cost of the vehicle, period of use, forecast contract mileage and final 'balloon' payment.
Road Tax is normally included for at least the first 12 months. Fixed cost Servicing, Maintenance, Repairs, Tyres, Breakdown and a range of other services are also available at a fixed monthly cost, enabling you to budget accurately and in most cases, remove the unexpected headache of a high maintenance or tyre bill!
So, could Personal Contract Purchase be right for you? Here are some of the main Features and Benefits....
| Key Features |
|
Key Benefits |
- Fixed cost for the duration of contract
- Flexible terms and mileage to suit your requirements
- Low Initial Outlay
- Option to own vehicle at the end of term, or to hand vehicle back
- Full maintenance & fleet management available
|
|
- Accurate budgeting unaffected by interest rate changes
- Contracts range from 2-5 years/6,000 to 50,000 miles per annum
- Initial rentals as low as 1month/ deposit of your choice is available
- Keeps your options open if you are unsure at to whether you wish to own the vehicle at the end of term
- Complete Peace of Mind
|
Available on most Car makes & models
*Subject to dilapidation/excess mileage charges
Get an Instant Online Quote for Car Insurance - Click Here
Document downloads:
Concept Vehicle Leasing - Brochure (919KB)