What Is The Benefit Of Choosing A Personal Contract Purchase Agreement?
A Personal Contract Purchase agreement offers flexibility when ending the agreement, with three options to choose from. You can simply hand the vehicle back without any extra cost, except the possible wear and tear and mileage charges. Alternatively, you can pay the balloon payment and take full ownership of the vehicle, or you can part exchange this and upgrade.
With a PCP agreement, you are paying monthly payments to cover the depreciation of the vehicle rather than the value of this, so your monthly payments will normally be lower than any other leasing and finance options.