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Lancs
162 Dock Street Fleetwood FY7 6JB tel: (01253) 876512 fax: (01253) 874863 West Sussex New Pound Wisborough Green Billingshurst West Sussex RH14 0AX tel: (01403) 700500 fax: (01403) 700244 Halifax 48 Station Road Holywell Green Halifax HX4 9AW Tel: 0870 242 2079 Email: info@tafft.com |
PCP - Personal Contract PurchasePersonal Contract Purchase, or PCP for short, was designed for those people who want to change their cars on a regular basis, and ideally suited for people who are opting out of their company car schemes. With PCP, part of the value of the vehicle is deferred until the end of the agreement and is taken as a guaranteed future value. At the end of the term you have three options:-Option 1: Pay the guaranteed future value of the car and then you own the vehicle in full. Option 2: Take your vehicle and use it as part exchange against your next vehicle at any garage. Option 3: You can hand the vehicle back to your finance company, and that would be full and final payment. |
