What is PCP?

PCP stands for Personal Contract Plan. This is a specific type of Hire Purchase Agreement offered by car dealers as a way to pay for a car. In a PCP contract, you pay a minimum 10% deposit and continue to make regular instalments. PCP is available on new and used cars up to 4 years. There is usually a large lump sum payment that has to be paid at the end of the contract.

Learn more about PCP here.