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Reduced monthly payments as the last payment (known as a residual value or balloon) is large and you can give the car back at the end of the term or pay the balloon and the car is yours. PCP agreements are unique because the last payment - the residual value of the vehicle - is guaranteed by the finance company. PCPs are only available through dealerships.
Good for: Stretching your budget that extra bit further, allowing you to get your dream car! Also good if you like to change your car often or you want reduced payments to allow you to save for the final, balloon payment.
Considerations: If you’re not sure you want to pay a balloon payment at the end of the term, Hire Purchase might be a better choice.
Whatever your question or feedback we are here to help. So please feel free to contact us
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Registered Office:
North Farm Industrial Estate,
Longfield Road
Tunbridge Wells
United Kingdom
TN2 3EY
Reg. Company Number: 03580726/03767502
VAT Reg. No. 805791222
Calls may be recorded for training purposes.
Thames Motor Group (Slough) Limited & Thames Motor Group (Tunbridge Wells) Limited is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486). Permitted activities include advising on and arranging general insurance contracts and acting as a credit broker not a lender.
We can introduce you to a limited number of finance providers. We do not charge fees for our Consumer Credit services. We typically receive a payment(s) or other benefits from finance providers should you decide to enter into an agreement with them, typically either a fixed fee or a fixed percentage of the amount you borrow. The payment we receive may vary between finance providers and product types. The payment received does not impact the finance rate offered.
All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over, Guarantees may be required.
