What is PCP?

A Personal Contract Purchase (PCP) agreement is similar to a Personal Contract Hire deal. The most significant difference is that, at the end of the term, you retain the option to return the car or take full ownership of the vehicle at a pre-agreed price. This means that PCP deals carry very little financial risk or unpredictability.

In return for a slightly higher monthly package cost, a PCP agreement offers extra sense of stability. Such an agreement enables you to know exactly how much you need to pay the finance company to eventually own your vehicle. And, as with a PCH agreement, you need not worry about depreciation in the value of your car – this will be a matter for the finance company.

The knowledgeable sales staff at our Johnsons dealerships will be happy to provide you with further information on details of the PCP schemes we offer for our various car marques.