What is PCP finance?
Personal Contract Purchase (PCP) is a way to borrow money to buy a car. You pay back the money every month, and at the end of the contract, you can choose to return the car, upgrade, or make one final payment (Optional Final Payment) to own it. You won’t own the car until the end of the agreement and the Optional Final Payment has been made. We’ve split the process into four stages below to give a clear explanation of Personal Contract Purchase: