Similar to a Conditional Sale finance agreement, PCP has additional flexibility since part of the cost is deferred until the end of the agreement. This may give you the benefit of lower monthly payments. The deferred amount is known as the Guaranteed Future Value (GFV).
For our PCP finance we work in partnership with Santander Consumer Finance. Using their quick and hassle free online application process, we often provide a finance decision within 60 seconds.
Your requirements and application
Your dedicated Sales Consultant will discuss your finance requirements with you including the deposit amount, term required or desired monthly payments. Once agreed, we will submit a finance application for you directly to Santander Consumer Finance. We do this online and a decision is usually back to us within 60 seconds.
At the end of the agreement
You have three options:
1: Retain the car - Simply pay the Guaranteed Future Value and the car is yours.
2: Renew the car - Choose another car, using any excess part exchange value that is above the Guaranteed Future Value towards your deposit.
3: Return the car - There's nothing more to pay if the car is in good condition and within the agreed mileage terms.