Personal Contract Purchase or PCP

This option, commonly referred to as a PCP or Personal Contract Purchase is an alternative to the traditional company car, where benefits accrue to both driver and company. You make a cash payment to the driver to enable them to provide their own vehicle for business use. They then benefit from features of a company car without the resulting personal tax burden.

The company has no arrangements, administration or other financial commitments.

The driver enters into a personal agreement with us, and benefits from our purchasing power, competitive rates of interest and low initial payment terms.

The fixed monthly payment includes the choice of a new or nearly new vehicle of their choosing, routine maintenance, servicing, road fund license, and 24 hour roadside assistance.

At the end of the agreement the driver can opt to buy or return the vehicle to us.

You can reimburse the driver for business mileage as a legitimate business expense.

More Car Finance Options

Introduction to Car Finance Options
Contract Hire
Contract Purchase
Finance Lease
Hire Purchase
Lease Purchase
Personal Contract Hire - PCH
Personal Contract Purchase - PCP