We may choose to offer you an alternative product as part of our underwriting conditions which may include a Fixed Sum Loan with OFP. Your dealer will make you aware of this after your application for finance has been received and assessed by us.
Personal Contract Purchase or PCP, is a flexible and popular plan that provides you with the option to change your car on a regular basis
Pay the optional final payment and take ownership of the car.
Hand back the car with nothing to pay.
(subject to mileage and fair wear and tear)
Part exchange the car and use any equity as a deposit on your next car
(if any available, which cannot be guaranteed)
Watch a short video explaining how Personal Contract Purchase works:
Conditional Sale is a simple and traditional way to finance your car over a fixed period for a fixed monthly amount
Watch a short video explaining how Conditional Sale works:
Personal Contract Hire, or PCH is a funding product where you lease your vehicle for a fixed period and mileage, in return for a monthly rental. At the end of the contract you simply return the vehicle, without further cost, providing that the vehicle has not exceeded the agreed mileage and that its condition is reflective of its age and mileage.
Watch a short video explaining how Personal Contract Hire works: