3 options of Personal Contract Plan ( PCP)
1. Part exchange (subject to equity)
2. Keep the vehicle once you have paid the final (optional) payment
3. Return the car with nothing further to pay (subject to wear and tear standards, within agreed mileage and payments being up to date)
Explanations of Terms
Equity - This is the difference between the guaranteed future value/final payment (plus any outstanding payments provided by the funder) and the value of the car at the time.
Deposit contribution - If a deposit contribution is being included within the offer. This is a contribution by the dealership/manufacturer towards the deposit of the car in addition to your customer deposit shown.
Free Insurance - Free Insurance will be for one year only and applicable to over 21's, if it is included within the offer.