How does PCP work?

Signing up to PCP finance means you are borrowing money from a lender to purchase a vehicle you wouldn’t otherwise have been able to afford as a one-off payment. When you apply for PCP finance, the lender will look into your credit history to ensure you are a reliable borrower.

A PCP agreement is the ideal option if you want to own a newer vehicle but don’t want to pay for it up front. However, you will also have the option to hand it back, too, if you’d prefer to upgrade to another model at the end of the term.