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Car Finance Rescue

What is Personal Contract Purchase PCP?

Personal Contract Purchase (PCP) is a purchase agreement (similar to a Hire Purchase agreement) that is governed by vehicle mileage and term (period fo agreement), where a predicted minimum value (GMFV) is offset until the end of the agreement.

At the end of the agreement there are three options:

  1. Part exchange for another car
  2. Pay the final payment and keep the car
  3. Return the car and walk away


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