What is Personal Contract Purchase (PCP)?
Personal Contract Purchase (PCP) is a popular car finance option that allows you to spread the cost of a vehicle over a set period, typically between 24 to 48 months. Unlike traditional loans, where you're paying off the entire value of the car, PCP finance focuses on covering the depreciation of the vehicle during the term of the agreement. This means your monthly payments are generally lower.
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When you take out a PCP deal, the finance company calculates what your car will be worth at the end of the agreement—known as the Residual Value (RV) or Guaranteed Minimum Future Value (GMFV). This predicted value is based on factors like the car’s age, mileage, and the length of your contract.
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At the end of the term, you have a few options which usually are, paying the optional final balloon payment, returning the car, part-exchanging or refinance the remaining amount owed.
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How It Works
Our process is designed to make motor finance easy and stress-free, with clear options and no hidden fees or unexpected costs. Rest assured, our no-obligation application won’t affect your credit score. This is motor finance made easy, tailored to your needs.
01
Apply and Consult
Provide your information by either completing one of our eligibility forms or by calling us on 01908 429888. An AMF specialist will then discuss your needs and recommend the best financial products for you.
02
Credit Approval
Sit back and let our AMF specialists guide you through the credit approval process, ensuring everything is handled smoothly and efficiently.
03
Document Signing
Once approved, your dedicated AMF team will walk you through the document signing process, making it quick and easy.
04
Collect Your Keys
AMF will arrange for your funds to be released so you can then collect the keys and drive away happy in your brand new dream car.
"APPROVED MOTOR FINANCE MAKE THAT DREAM CAR POSSIBLE!"
Tim Burton - Shmee150 Founder
AMF Exclusive Partner
