Personal Contract Purchase quote

What is Personal Contract Purchase (PCP)

PCP, or Personal Contract Purchase, is a popular car finance option that provides individuals with a flexible way to acquire their next vehicle. This finance plan involves an initial deposit followed by fixed monthly instalments, making it an attractive choice for those who prefer to distribute the cost of their car over time.

PCP's differentiation lies in its depreciation-inclusive approach. PCP incorporates the expected depreciation of your car over the contract's lifespan, considering the Residual Value (RV) or Guaranteed Minimal Future Value (GMFV). This forward-thinking methodology ensures that the final 'balloon payment' upon contract completion aligns with the projected value of your vehicle, granting you the option to either retain ownership or venture towards a new vehicle. For those who prefer regular car upgrades, PCP proves an ideal fit, seamlessly blending financial accessibility with the adaptability to accommodate evolving automotive preferences

Other potential options may include Hire Purchase Finance as an alternative to Personal Contract Purchase. You can Compare Hire Purchase vs Personal Contract Purchase options to understand the difference between the finance agreements.

What is PCP Finance?

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Rates from 9.9% APR. Representative APR 12.9% We Can Finance Limited is a credit broker, not a lender

Frequently asked questions

Yes, you can check your eligibility and discover your personalised APR without impacting your credit score. Click here to assess your likelihood of finance approval. Use the Car Finance Eligibility to get your motor Finance Quote.

This website is powered by We Can Finance Ltd who work with My Car Credit a trading style of Evolution Funding, the UK's largest motor finance broker. Their award-winning technology matches you with the best product and lender, providing higher acceptance chances at a favourable rate. Additionally, explore the added benefit of seamlessly searching thousands of vehicles from dealerships across the UK.

From £3,000 to £50,000, We Can Finance’s broker partner has specialist departments supporting amounts exceeding £100,000 based on credit profile and circumstances.

Lenders may require proofs for car finance for your identity, a selfie with your driving licence, proof of address, employment and earnings documentation, and a hard credit check with your permission.

Lenders offer car finance, van finance and motorbike finance depending on the particular lender.

Applicants must be 18 years of age or older to apply. Check your car finance eligibility.

Use the We Can Finance Eligibility Checker to get a quote without impacting your credit score

We Can Finance have partnered with the UK’s largest motor finance broker, This gives customers access to the wide panel of trusted lenders can help find the right motor finance solution for individuals. We are able to assist with bad credit car finance and poor credit car finance.

In the vast majority of cases, We Can Finance can offer an instant motor finance quote.

Hire-purchase car finance provides full ownership after the final payment, while Personal Contract Purchase Finance allows the option to return, exchange, or make the final instalment for ownership, with potential charges for excess mileage or damages.

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