What is Personal Contract Purchase (PCP)?

Personal Contract Purchase is a Hire Purchase agreement where you make an initial payment followed by fixed monthly payments for a set period of time. You'll then have flexible options to choose what to do with vehicle at the end of the agreement.

How does PCP work?

Based on your chosen vehicle, mileage and duration, we'll predict how much the car will be worth at the end of the agreement. This figure is known as the “Optional Final Payment”. You'll then make monthly payments, based on the difference between the cash price of the vehicle and the Optional Final Payment, plus interest.

At the end of the contract term, you'll have 3 options:

  • Pay the Optional Final Payment and the Option to Purchase Fee (£10) at the end of the contract to keep the vehicle
  • Return the vehicle with nothing more to pay (subject to age, mileage and condition)
  • Take out a new Personal Contract Purchase agreement using any equity as an advanced payment on a new vehicle
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What are the benefits?

  • Personal Contract Purchase (PCP) is a popular form of personal finance
  • Fixed monthly repayments
  • Choose mileage and duration of contract to suit your needs
  • Optional fixed cost service and maintenance packages
  • Flexibility at the end of your contract

What else do I need to take into consideration?

  • You won't own the vehicle unless you choose to pay the Optional Final Payment and Option to Purchase Fee at the end of your agreement
  • Road Fund Licence not included
  • Any damage to the vehicle must be repaired by an approved manufacturer prior to returning it, otherwise this will charged to you at the end of your contract
  • Drivers are limited to the mileage limit set out in the agreement. Any excess mileage will incur additional fee
  • Vehicles cannot be modified in any way
What else do I need to take into consideration?

How can Lombard Vehicle Solutions make a difference to your business?

  • Offering intelligent, forward-thinking and flexible vehicle funding solutions to meet your requirements
  • Working in collaboration with ALD Automotive’s innovative products and award-winning support services
  • Team of trusted experts
  • Utilising ALD Automotive's 60 years of experience combined with the asset experience of Lombard
  • Delivering an experience we're proud of to all our customers

Order vehicles in 3 simple steps:

  • 1

    Tell us what you're looking for

    Submit an enquiry and our expert support team will get back to you shortly to discuss your tailored quote. Once your business is accepted for finance, simply place your order.
  • 2

    Pick a date for delivery

    We'll send you the paperwork to check, sign and return, before the dealership contacts you to arrange a convenient time to drop your vehicle off.
  • 3

    Get on the road to success

    Accept delivery and enjoy your new vehicle. At the end of your agreement, simply hand it back with nothing more to pay.

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ALD Automotive Ltd trading as Lombard Vehicle Solutions is a product solution provided for Lombard North Central PLC. We store, process and use any data you share with us securely. We don’t share data for marketing purposes with any other company. In the future, if we need to change the way we use your data, we’ll contact you to let you know about the change and to ask for your permission.

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