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What is Personal Contract Purchase (PCP)?
28/06/2019 Mercedes-Benz A180 Hatch AMG Line 7G-DCT Auto - £23,057 Save 16.7% - £4,619 off list price
27/06/2019 Skoda Octavia Hatch 1.0TSi 115 SE 6Spd - £15,161 with cash purchase, or £14,917 including deposit contribution with Skoda PCP finance APR 5.2% Save 23.9% - £4,693 off list price
26/06/2019 Ford Focus Hatch 5Dr 1.0T EcoBoost 100 Zetec 6Spd - £15,437 Save 21.5% - £4,218 off list price
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Car Finance refers to finance that is secured on the vehicle, meaning that you do not own the vehicle until you have paid the finance in full and if you miss repayments, the lender might repossess your car.
Car Finance comes in many forms including Personal Contract Purchase (PCP), Hire Purchase (HP), Lease Purchase (LP), and Personal Leasing or Personal Contract Hire (PCH).
These forms can meet different preferences.
Personal Contract Purchase (PCP) is explained in further detail in our quick explainer animation below. Don’t forget to visit the MotorPocket YouTube channel for more information on car finance.
https://www.youtube.com/watch?v=syMVtOkfZSA
