Used Car PCP Finance from 9.9% APR Representative
Learn more about our Personal Contract Purchase (PCP) or here at Available Car we like to call it Finance +. Help you understand which finance arrangement benefits you most.
View All Used Cars on PCP 9.9% APR Finance
All the cars on our site are available for PCP and HP finance. Simply find a used car you like and get in touch with one of our team to discuss finance options.
What is a Personal Contract Purchase (PCP)?
Personal Contract Purchase is a type of car finance that combines the benefits of traditional finance with additional freedom, allowing you to change your car more regularly for a lower monthly payment. A PCP is an attractive option for those looking to manage their budget efficiently.
How does PCP car finance work?
With PCP, you choose the period of how long you want the car, typically 2 to 4 years. During this time, you pay a fixed monthly amount, and you are reassured with a Guaranteed Future Value (GFV) at the end of the term.
At this point, you have the freedom to choose what you do next:
Retain - Own the Car: Pay the predetermined Guaranteed Future Value (GFV) to take ownership of the vehicle.
Renew - Trade-In for a New Model: Exchange your current car for a another vehicle (usually an upgraded or a newer vehicle).
Return - Hand the Car Back: If you no longer need the vehicle, you can simply return it without any further financial obligation, provided it meets the agreed-upon mileage and condition.
What PCP deals does Available Car offer?
When it comes to financing your dream car, navigating the options can be overwhelming. At Available Car, we understand the importance of finding a solution that fits with your budget and lifestyle. We have highlighted the benefits of Personal Contract Purchase (PCP) help you make your decision super easy.
We are proud to be able to offer rates from as low as 9.9% APR Representative and all of our finance is available with a zero deposit should you choose!
PCP vs HP, which is right for you?
While Hire Purchase (HP) involves paying off the entire cost of the car over the term of the agreement, PCP can allow lower monthly payments, providing greater flexibility. PCP also enables you to embrace changing car models more frequently, staying up-to-date with the latest innovations and technologies.
Personal Contract Purchase (PCP)
Ownership
Ownership is optional at the end of the term.
Monthly Payments
Potentially lower fixed monthly payments due to a GFV.
Guaranteed Future Value Payment
At the end of the term you pay a GFV if you want to own the car outright.
Flexibility
More flexibility with options to Retain, Return or Renew at the end of the term.
End of Agreement Options
Retain, Return or Renew. Full ownership available by paying the GFV.
Mileage Restrictions
Mileage restrictions may apply; excess mileage charges.
Ideal for:
Individuals who prefer lower monthly payments and upgrade their car regularly.
Budgeting
Lower monthly payments offer budget flexibility.
Affordability
Lower monthly cost, but a final GFV payment if you choose ownership.
Hire Purchase (HP)
Ownership
Ownership is guaranteed at the end of the term.
Monthly Payments
Fixed monthly payments covering the total cost of the car.
Guaranteed Future Value Payment
No final GFV payment, as the full cost of the vehicle is spread across the term.
Flexibility
Simple fixed monthly payments throughout the duration of the term.
End of Agreement Options
Full ownership without additional payments.
Mileage Restrictions
No mileage restrictions as you will own the car.
Ideal for:
Those who prioritise ownership and plan to keep the car long-term.
Budgeting
Predictable monthly payments make budgeting straightforward.
Affordability
Generally, the total monthly cost is higher than PCP due to no GFV payment.
Alternatively Explore Hire Purchase (HP) Finance at AvailableCar
Explore our hire purchase finance option at AvailableCar. If you're unsure whether HP or PCP car finance is right for you, get in touch with one of our team today to discuss your options.