Personal Contract Purchase
Discover the benefits of Personal Contract Purchase
Personal Contract Purchase is a Hire Purchase agreement where you make an initial payment followed by fixed monthly payments for a set period of time. You'll then have flexible options to choose what to do with vehicle at the end of the agreement.
Based on your chosen vehicle, mileage and duration, we'll predict how much the car will be worth at the end of the agreement. This figure is known as the “Optional Final Payment”. You'll then make monthly payments, based on the difference between the cash price of the vehicle and the Optional Final Payment, plus interest.
At the end of the contract term, you'll have 3 options: