We offer flexible PCP financing options on a wide range of cars, from everyday vehicles to
luxury models. Our team of experienced financial experts is here to help you decide if PCP
Car Finance is the right choice for you, or whether you’d be more suited to one of our other
financing models. With in-depth knowledge and a personalised approach, we’ve helped
countless customers drive away with their dream car to suit their circumstances.
Ready to find your perfect car? Get a free, no-obligation quote today by filling out the form
below or call one of our expert team members for advice on 0161 968 3449.
What is PCP Car Finance?
PCP (Personal Contract Purchase) car finance is a flexible and popular way of financing a car purchase, especially in the UK. Here’s a breakdown of how it works:
1. Deposit
● A typical customer pays 10% deposit or more, however we can cater to 0 deposit.
● The higher the deposit, the lower your monthly payments.
2. Monthly Payments
● You make fixed monthly payments over an agreed term, on average 2-4 years.
● These payments cover the depreciation of the car during the term, not its full value.
3. Guaranteed Minimum Future Value (GMFV)
● At the start of the agreement, the lender calculates the car’s expected value at the end of the term. This is known as the Guaranteed Minimum Future Value (GMFV) or you may know this as the balloon payment.
● Your monthly payments are based on the difference between the car’s initial value and the GMFV.
4. End-of-Term Options
● Return the car: Hand the car back to the lender, with no future payments (provided it is in good condition and within the agreed mileage limits).
● Keep the car: Pay the lump sum (equivalent to the GMFV) to own the car outright. (this can be re-financed)
● Trade-In: Use the equity of the car (its value minus the GMFV) as a deposit for a new PCP deal.
What are the Advantages of PCP Finance
PCP offers several benefits that make it an appealing option for many drivers:
1. Lower Monthly Payments
Since you’re only financing the car’s depreciation, monthly payments tend to be lower than traditional car loans, making it more affordable.
2. Flexibility at the End of the Term
At the end of the term, you are left with the choices of returning the car, paying to keep the car or using any equity as a deposit for a new vehicle. This means that depending on your financial situation you have multiple options at your disposal.
3. Access to Newer Cars
PCP allows you to drive away with a newer car, with the option to return or upgrade at the end of the term, keeping you in the latest models, like our Land Rover Defender PCP.
4. Tailored to Your Needs
Our team helps design flexible PCP plans based on your budget and driving habits, giving you peace of mind and control over your finances.
PCP is a smart way to finance a car, offering you flexibility and lower monthly payments. Contact Streamline Car Finance to find the right option for you.
Use PCP To Get The Vehicle That Suits Your Needs & Budget
We make it easy to drive away in the right car for you. Whether you’re after an SUV for commuting the kids to school or your all-time favourite dream supercar, we offer flexible PCP financing tailored to your needs.
SUV & Saloon Cars
Are you looking for a practical SUV or a stylish saloon car? We have helped hundreds of satisfied customers with their Mercedes Car Finance, Audi Car Finance and BMW Car Finance. We offer PCP financing on a wider variety of vehicles so you can get the car that fits your lifestyle.
Business Car Finance
We understand the importance of having a reliable vehicle for your business. With tailored PCP financing options for business car finance, we help you get the right vehicle to support your professional needs.
Supercars
Dreaming of owning a high-performance supercar? Whether it’s a luxury sports car or a sleek, fast model, we offer PCP financing options to help you get behind the vehicle of your dreams.
Caravans & Motorhomes
Planning to explore the open road in a Motorhome or tow a caravan around Europe? We provide PCP offers for motorhome finance and VW campervan finance allowing you to take your adventures to the next level without breaking the bank.
Get in touch Today
Our team of experts are here to guide you through a tailored PCP plan that suits your budget and preference. Fill out the no-obligation form below to get your free quote or call one of our experts on 0161 968 3449. Alternatively check out our business hire purchase page.