Personal Contract Purchase (PCP)

What is Personal Contract Purchase?

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).

Which lenders do we work with?

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.

How does it work?

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.

We're SAF Approved

If you're looking to finance a used car with us you can rest assured that both Frosts as a company and our individual Sales Consultants are SAF Approved.

But what is SAF Approved? As part of our dedication to offering motor finance, each and every one of our Sales Consultants has completed and passed an online motor finance test, meaning they're perfectly placed to help you understand the options available.

With the expertise and knowledge from SAF, our friendly Sales Consultants are your main point of contact and will personally guide you through the whole application.

Finance is subject to status. Terms and conditions apply. Applicant must be 18 or over. Guarantees / indemnities may be required. At the end of the Personal Contract Purchase there are three options: (i) Part exchange the vehicle. (ii) Pay the Guaranteed Future Value to own the vehicle or (iii) Return the vehicle. Further charges may be made subject to the condition of the vehicle. Santander Consumer Finance RH1 1SR. Frosts Cars Ltd are authorised and regulated by the Financial Conduct Authority (register number 005186). Frosts (Cars) Limited act as a non-independent credit intermediary for a limited number of lenders and are able to offer a limited number of finance products from these providers. Frosts (Cars) Limited is authorised and regulated by the Financial Conduct Authority (FCA Reg No: 673511)