PCP car finance
Made Super
Get approved and drive away today!*
We’re a credit broker not a lender. Rates from 8.9% APR. Representative APR 11.9%
Representative Example: Borrowing £25,000 over 4 years with a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed) and a deposit of £5000.00 the amount payable would be £362.01 per month, with a total cost of credit of £7,376.69 and a total amount payable of £17,376.69. Based on 6,000 miles per annum, excess mileage charges will apply if this is exceeded. Finance subject to status 18+ only.
Let’s Get Started!
Your Step-by-Step Buying Guide
1
Get a Free Quote
2
Choose Your Car
3
Sign Your eDocs
4
Collect Your New Car!
What is PCP car finance?
Car finance is a common alternative to purchasing your next car outright and involves an agreement with a lender to pay over an agreed time period.
PCP (Personal Contract Purchase) car finance offers flexibility by deferring a significant portion of the loan to the end of the agreement as a final balloon payment, allowing for lower monthly payments during the term.
Your payments can depend upon what car you decide to purchase, how long you wish to purchase it over, whether you wish to own the car, and how much you wish to pay upfront.
Why Choose PCP car finance?
Here at Fast Easy Finance, we’re committed to transforming lives, quickly and with no hassle. With a dedication to excellence and a commitment to unparalleled customer satisfaction, here`s why you should choose us:
What is PCP car finance?
-PCP car finance offers flexibility by deferring a significant portion of the loan to the end of the agreement as a final balloon payment, allowing for lower monthly payments during the term.
How does PCP car finance work?
-PCP car finance typically involves paying a deposit followed by fixed monthly payments over a set term. At the end of the term, you have the option to make a final balloon payment to own the car outright, return the car, or trade it in for a new one.
What are the benefits of PCP car finance?
-Benefits of PCP car finance include lower monthly payments compared to traditional hire purchase agreements, flexibility at the end of the term, and the option to drive a newer or more expensive car than you might otherwise afford.
What are the drawbacks of PCP car finance?
-Drawbacks of PCP car finance include the risk of negative equity if the car depreciates more than expected, mileage restrictions, and potential penalties for excess wear and tear.
What are the different types of Car Finance?
We appreciate there are many different types of Car Finance products for you to choose from, and knowing which one meets your needs best is the key to happy financing. See a few of the different types below.
Hire Purchase (HP)
The loan is secured against the car, and you don't own it until you've reached the end of your agreement and paid the ’Purchase' fee.
A deposit may be needed but there would typically be no annual mileage restrictions.
Personal Contract Purchase (PCP)
The loan is secured against the car, but you don't own the car when the loan term ends.
Instead, you can choose to give it back, use any positive equity as a deposit in a new deal, or buy the car by paying the balloon payment.
Hire Purchase (HP)
The loan is secured against the car, and you don't own it until you've reached the end of your agreement and paid the ’Purchase' fee.
A deposit may be needed but there would typically be no annual mileage restrictions.