Vizion Finance logo

PCP Car Finance

Car Finance Made Easy

  • Get a completely free quote
  • No impact to your credit score
  • See the best rates available
  • 24/7 Customer support
Background Patterncar

Rates from 9.9% APR. Representative APR 16.9%

Representative example: borrowing £7,000 over 4 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00 the amount payable would be £201.62 per month, with a total cost of credit of £2677.92 and a total amount payable of £9677.92. This is an example only, lender fees may apply. All finance subject to status.

4.9 Stars

876 reviews on

HP

PCP

Car Finance Calculator

Vehicle Price:

£

0

Initial Payment (Deposit):

£

0

To Pay Over:

48

Months

Assuming your credit score is:

Best Available Rate

9.9%

Initial Borrowing

£0

Total Cost of Credit

£0

Total Amount Repayable

£0

48 Monthly

Payments of

£0

Rates from 9.9% APR. Representative APR 16.9%

Representative example: borrowing £7,000 over 4 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00 the amount payable would be £201.62 per month, with a total cost of credit of £2677.92 and a total amount payable of £9677.92. This is an example only, lender fees may apply. All finance subject to status.

What is PCP Car FinanceWhat is Personal Contract Purchase Personal Contract Purchase (PCP) finance can be a convenient way to finance a vehicle purchase, as they typically offer lower monthly payments than traditional auto loans. PCP is an agreement that allows you to place a deposit and make a fixed monthly payment towards the cost of a car. At the end of the agreement you can either hand the car back, use it as a deposit for a new car or pay the optional final payment, which is the guaranteed minimum future value of car, and then own the car outright.
Trusted Lenders We Work With

We are Leading Experts in Car Finance Solutions

Step by step process
What our customers say
How does Personal Contract Purchase work?

Here’s a quick example: Let’s say you want to buy a car worth £40,000 and to finance it over 48 months with a total of 10,000 miles per annum. You wish to pay 10% as a deposit - which is £4,000. Your lender estimates the guaranteed minimum final value (GMFV) of the car after 48 months to be £25,000. Your lender then gives you a loan of £36,000 to pay the dealer for the car and asks you to pay them back the difference between the loan and the GMFV which is £11,000 plus interest. You sign a 48-month contract at 8.9% APR. So, your monthly payments will be £459. With the interest, the total amount you end up paying back will be £22,000. At the end of the agreement, you choose to pay the £25,000 GMFV and own the car. Your total outlay including the deposit is £51,000.

Let`s get started?Getting a Free Quote with Vizion Finance only takes 5 minutes, and will not affect your credit score
Frequently Asked Questions

You have three clear options: 1) Pay the balloon payment (Guaranteed Future Value) to own the car outright 2) Return the car (provided it's within mileage limits and meets fair wear-and-tear standards) 3) Use any positive equity as deposit towards a new PCP deal on another car Most customers (around 75%) choose option 3 to upgrade to a newer model.

Lenders determine GFV based on: - The car's make/model depreciation curve - Your contracted annual mileage (typically 5,000-20,000 miles) - The contract length (usually 2-4 years) - Current used market forecasts For example, a £30,000 car with 10,000 miles/year over 3 years might have a GFV of £12,000. We explain exactly how your GFV is calculated before you sign.

Yes, you can adjust your mileage allowance during the agreement. Options include: 1) Paying an increased monthly payment to cover extra miles 2) Paying excess mileage charges at the end (typically 3p-15p per mile over) 3) Some lenders allow one mid-term mileage adjustment for free We help clients restructure agreements when their circumstances change.

The BVRLA fair wear and tear standards allow: - Stone chips (<10mm diameter) - Light scratches (not through to primer) - Tyres with >1.6mm tread depth Not acceptable: - Dents larger than 10mm - Torn upholstery - Cracked windscreens We provide a full condition guide and can arrange pre-return inspections.
Get in touch
Get in touch
Phone:0203 322 1905
Email:sales@vizionfinance.co.uk
Business Hours:
  • Monday to Friday 09:00 - 20:30
  • Saturday 10:00 - 19:00
  • Sunday 10:00 - 17:00
Vizion Finance logo
Vizion Autos Ltd is an authorised credit broker, not a lender, registered in England, company registration number 12299957. We are authorised and regulated by the Financial Conduct Authority under reference number 920157. The registered office address 330 Centennial Park, Centennial Avenue, WD6 3TJ.We can introduce you to a limited number of finance providers on our panel depending on your credit rating and affordability. By introducing your details, we receive a commission from our finance partners/lenders. This is a fixed percentage or figure and may vary by lender/partner, however this will never impact the rate or acceptance you are provided. Further information can be supplied on request. There is no fee charged by us for arranging the car financing or car warranty, but some lenders may charge a fee. All finance is subject to status and income. Written quotations are available on request. ICO Number ZA798078.
Where Next?
Contact Us
Privacy Policy
Terms & Conditions
Make a Complaint
Disclosure
Contact Info
330 Centennial Park, Centennial Avenue, WD6 3TJ
sales@vizionfinance.co.uk
+0203 322 1905