Personal Contract Purchase (PCP)
Learn Details on PCP
What is PCP Car Finance?
Personal Contract Purchase (PCP) car finance offers a flexible way to finance a vehicle, combining lower monthly payments with a choice at the end of the agreement.
With a PCP agreement, you make fixed monthly payments over an agreed term based on the vehicle’s predicted future value. At the end of the contract, you have three options: make the final balloon payment to own the vehicle outright, return the car with nothing further to pay (subject to condition and mileage), or use any equity towards your next vehicle.
PCP finance typically results in lower monthly payments compared to Hire Purchase, making it a popular option for those who prefer to change vehicles more frequently. Mileage limits apply, and the vehicle must be returned in line with fair wear and tear guidelines.
Personal Contract Purchase is well suited to clients seeking flexibility, controlled monthly costs and access to luxury, prestige and performance vehicles.
What would you like to finance?
We offer an unrivalled choice of competitive funding solutions, including PCP and Hire Purchase, as well as refinancing and equity release products.
Car Brands We've Financed
Which Car Brand Calls Out to You?
Explore tailored finance solutions, insights and case studies across the world’s most prestigious automotive marques. Select a brand to see how we structure funding for each vehicle.
Our Official Partners
Working With the Best Partners, Lenders & Dealerships
Our Finance Process
Finance in 4 Simple Steps
Our motor finance process is simple and transparent, with clear car finance options and no hidden fees. Our no-obligation application will not impact your credit score, allowing you to explore tailored finance solutions with confidence.
Apply & Consult:
1.
Complete one of our motor finance eligibility forms or speak directly with an AMF specialist. We’ll review your requirements and recommend the most suitable car finance solution based on your needs.
Credit Approval:
2.
Our experienced team manages the car finance credit approval process on your behalf, liaising with specialist lenders to secure the most competitive terms efficiently and discreetly.
Document Signing:
3.
Complete one of our motor finance eligibility forms or speak directly with an AMF specialist. We’ll review your requirements and recommend the most suitable car finance solution based on your needs.
Collect Your Keys:
4.
Funds are released promptly, allowing you to collect your vehicle and enjoy your new car with confidence, knowing your finance has been expertly arranged.
Approved Business Finance Ltd is an independent asset finance brokerage and a credit broker, not a lender. We work with a panel of lenders to find suitable finance options for your needs. If you enter into an agreement with a lender, typically we will receive commission for introducing you to them. We are committed to delivering high standards of service and handling any concerns promptly. Approved Business Finance Ltd is authorised and regulated by the Financial Conduct Authority, FRN 1020031. ICO Registration Number: ZB424677. Registered in England and Wales (Company No. 11914104). Registered office: Seebeck House, Seebeck Place, Milton Keynes, MK5 8FR. Approved Business Finance Ltd also operates under these additional trading styles: Approved Property Finance, Approved Motor Finance, Approved Finance, and Approved Finance & Leasing LLP.
Our policies are available to view at the links above.