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Personal Contract Purchase: personal only
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Often referred to as ‘PCP’ this scheme works in a similar way to lease purchase but has the added advantage that the final payment, or balloon, is Guaranteed – hence it is called the ‘Guaranteed Future Value’ or ‘GFV’. This means that should your car be worth less than the Guaranteed Future Value you simply hand the car back and are not liable for any shortfall. If the car is worth more than the GFV then this can be your equity to use as a deposit for a new vehicle.
This scheme can reduce your monthly payments allowing you – TO DRIVE BETTER FOR LESS!
How Drive Better For Less have helped clients save money
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| PERSONAL CASE |
Duncan Anderson, Designer – London.
“I originally arranged my loan on personal contract purchase through Honda finance and Drive Better For Less were able to save me £30 per month – brilliant! I love my car and love the fact that it now costs less per month and I have the benefit of the future value being guaranteed. I have recommended Drive Better For Lessto all my clients and friends”
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