If you are interested in a new car, but wish to upgrade it in the near future, Personal Contract Purchase (PCP) may be the right finance option for you. It allows you to pay attractive fixed monthly installments until either returning the vehicle for no extra cost, or paying a final sum to own it.
Once you've paid a preliminary, modest deposit, the regular and fixed monthly instalments will allow you to drive your dream vehicle without breaking the bank.
With PCP, you do not own the vehicle outright, unless you choose to pay the final sum at the end of the instalments. This is a great option for those wishing to test a vehicle for a longer amount of time, before deciding to make the investment and buy it fully.
PCP is also especially useful for people whose lives are due to change, for instance when planning for a family or moving house. It is, moreover, great for those who enjoy regularly changing or upgrading their vehicles for a completely different model. So if you value flexibility and variety, PCP could be the answer to your finance option dilemma.
To find out more about how best to finance your next car purchase you can speak to the experts at your nearest Lookers dealership today.