Personal Contract Purchase (PCP)

Drive Your Dream Car with Flexibility

At Boost Finance, we offer Personal Contract Purchase (PCP) plans designed to make owning a car more accessible and flexible. Whether you’re looking to drive a brand-new model or a nearly-new vehicle, our PCP options provide lower monthly payments and the freedom to choose your next steps at the end of the agreement.

 

How PCP Works

1

Choose Your Vehicle

Select the car that suits your preferences and needs.

2

Agree on Terms

Determine your deposit, contract length (typically between 24 and 48 months), and annual mileage.

3

Fixed Monthly Payments

Make regular, fixed monthly payments over the agreed term.

4

End-of-Term Options

  • Purchase
  • Return
  • Upgrade

Benefits of PCP

 

  • Lower Monthly Payments

    Since you’re only financing the vehicle’s depreciation, monthly payments are typically lower than other finance options like Hire Purchase.

  • Flexibility at the End

    Choose whether to buy, return, or upgrade the vehicle at the end of the term.

  • Access to Better Vehicles

    Lower monthly payments may allow you to afford a newer or higher-spec car than you might with other finance options.

  • Fixed Costs

    Know exactly what you’ll pay each month, aiding in budgeting and financial planning.

Considerations

Mileage Limits

Exceeding the agreed annual mileage may result in additional charges.

Condition of the Vehicle

The car should be maintained in good condition; excess wear and tear may lead to extra fees.

Balloon Payment

At the end of the term, the balloon payment is due if you choose to purchase the car. Ensure you have a plan for this payment.

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