Cheap PCP Deals Info
Lower monthly payments with a final option to buy.
PCP car deals are gaining popularity as an excellent means of driving a new car at a very affordable monthly payment level compared to traditional finance methods.
How It Works:
Rather than a traditional HP loan where you pay off the entire amount of the car and interest to ultimately own the vehicle, PCP uses the predicted future value of the car as collateral so that you only need to finance the balance. This makes the monthly payments substantially lower than HP.
At the end of the deal there is a lump sum GFV (Guaranteed Future Value) left to pay which should be approximately similar to the value of the car at that time (ideally a bit less), allowing you the possibility of part exchanging into a new deal, or you can pay it off to own it outright, or you can also hand it back (a safety net should future values be much less than predicted).
Please take a look at the FAQs page to see some of the pitfalls to avoid and the advantages and disadvantages of this particular finance method.
All information is provided in good faith however human error can occur and therefore
always do your own checks and investigations before proceeding with any online offer.
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