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Personal Contract Purchase (PCP) is ideal for private individuals who want a hassle-free and cost effective way to finance and maintain a vehicle
By linking the estimated final value of the vehicle to the monthly rentals, the payments become far more affordable allowing the purchaser to acquire a better quality car for the same budget. Maintenance can also be included in the agreement which will provide the driver with fixed price motoring.
With the Personal Contract Purchase option, the purchaser has the opportunity to return the vehicle at the end of the contract to cover the final payment.
The benefits of the personal Contract Purchase are listed below:
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► Accurate monthly budget ► Improved cash flow ► Minimum capital expenditure ► Fixed interest rate ► Ownership of vehicle (optional) ► No depreciation risk ► No vehicle disposal problems
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► Reduced administration ► On going advise & support ► Road fund licence provided (optional) ► Breakdown rescue cover (optional) ► Fixed charge maintenance (optional) ► VAT chargeable on services (optional) ► VAT recovered on invoice value by Fin.co and passed to customer in lower rentals
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