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PCP car finance

PCP car finance deals online

  • Competitive PCP & Hire Purchase quotes from an extensive panel of lenders
  • Get the best available rates on cars from £15,000 – £250,000
  • Use a Trustpilot 5-Star rated team with expert knowledge
  • Rates from 8.9% APR
  • Representative APR 9.9%*

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PCP Car Finance


PCP Finance deals: Get quotes today

What is PCP car finance? Is it the right kind of deal for you? Here we answer some commonly asked questions about this kind of car finance.

Here at Quotezone.co.uk, we’re delighted to be able to connect our customers with some of the best PCP car finance quotes out there. By working with a huge range of lenders, we’re able to quickly and efficiently show our clients what’s available. Our easy-to-use interface stores the quotes so that you can easily compare them all in one place. But before you go ahead, let us help you understand this type of finance in more detail.

What is PCP?

Personal Contract Purchase (PCP) is a flexible way of financing a new car. It’s a system similar to leasing whereby you pay monthly instalments towards a car. At the end of an agreed term you usually have a few options:

  • return the car
  • pay the resale value and keep it
  • trade in the car and use the resale value towards buying a new car.

Splitting the cost of the car into smaller amounts keeps things affordable. Like many other finance options, this type of loan is secured against the value of the car, which means that if you don’t keep up with payments, you risk losing the vehicle.

What’s the difference between PCP and a hire purchase agreement?

A PCP agreement usually means a chunk of the payment is due at the end of the agreement (if you want to keep the car), and it’s also easy to trade the car in at the end. A hire purchase agreement (HP) is similar but the payments are structured differently. For HP you usually pay a deposit of around 10% at the start of the agreement. You follow this up with monthly payments and at the end of the term, you will own the car (once you’ve paid a fee).

What are the benefits of a PCP agreement?

When you’re considering PCP finance deals, you want to understand the benefits. If you like to change your car regularly, it could be a good option for you. Another benefit is that your monthly payments are likely to be lower than other finance agreements.

Where can I find the best PCP deals?

Here at Quotezone, we connect you with a fantastic range of cheap PCP deals. With our easy-to-use system, you’ll find it really simple to compare quotes.

Can you modify a car on a PCP agreement?

It’s not usually possible to make physical modifications to any car you have under a PCP agreement. This is because the car remains the property of the finance provider until the end of the agreement when you can choose to buy the car.

Can I pay off my PCP agreement early?

It depends on the terms of your agreement. Check the details of your loan if you want to pay off your agreement early. However, it usually incurs a fee.

*Representative Example – Personal Contract Purchase: Cash Price £15,000.00, Deposit £500.00, borrowing £14,500.00 over 4 years at 8.9% Representative APR (fixed). 47 monthly payments of £228.99 followed by a final payment of £7,560.00. Total cost of credit of £3,832.53 and total amount payable of £18,832.53. Based on 8,000 miles per annum, excess mileage charges will apply if this is exceeded. Finance subject to status 18+ only. We are a credit broker and not a lender. Magnitude Finance is a trading style of DSG Financial Services Ltd. DSG Financial Services Ltd is a company registered in England & Wales with a company number 02313903. Our VAT registration number is 511678843. DSG Financial Services Ltd is authorised and regulated by the Financial Conduct Authority under firm reference number 649675

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