Personal Contract Purchase (PCP) is a method of funding where an individual leases a vehicle for a set period at a fixed monthly charge. It is a perfect product for those who do not want the financial and logistical risks involved in acquiring and disposing of a vehicle.
At the end of the contract, there is an optional balloon payment which the individual can pay to buy the vehicle, otherwise they can choose to return the vehicle with nothing further to pay. The monthly charge is governed by the initial cost of the vehicle, the mileage covered, the period of the agreement and the estimated value of the vehicle at the end of the contract.
In addition, features ranging from basic servicing to total vehicle management packages can be included if required. PCP being an alternative to Hire Purchase, the traditional method of financing, is covered by the protections as set out in the Consumer Credit Act.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
T: 0333 577 0704
F: 0845 456 0740
First Car Leasing
First Car Leasing are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 620033
Registered in England & Wales with company number : 03960237 | Data Protection No : Z5980241 | VAT No :
Registered Office : 19 Prospect Road, Ossett, West Yorkshire, WF5 8AE
Copyright © 2019 First Car Leasing, All rights reserved.