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Close PCP

Close PCP is the all-new personal contract plan giving customers more choice, more flexibility and making financing a vehicle more affordable.

How Close PCP works

Close PCP is available to new or used vehicles up to 4 years old and accessible through all our dealer partners.

Pay the deposit

A minimum deposit of 10% of the vehicle price is required and the remaining cost of the vehicle is paid over the term of the agreement.

Fixed repayments

Monthly repayments are fixed during the agreement and spread equally throughout the term, including interest. The agreement is up to four years and a month (49 months).

Guaranteed minimum future value (GMFV)

We guarantee the minimum the vehicle will be worth at the end of the agreement, based on agreed annual mileage and maintenance of the vehicle. (If a customer drives more than the agreed annual mileage or the vehicle is damaged beyond our fair wear and tear standards, they may need to pay additional charges).

Note: the GMFV is calculated based on a % of the lower valuation of the car (based on motorcheck.ie) at inception or invoiced sale price.

Choose to own, return or exchange the vehicle

At the end of the agreement, customers can pay the ‘option to purchase’ (OTP) and Guaranteed Minimum Future Value (GMFV) fees to become the legal owner of the vehicle, hand it back and walk away, or part-exchange it for a new one.

Finance is secured against the vehicle

If a customer is unable to keep up with their payments, we may repossess the vehicle.

See how it works

Watch this introduction to PCP, see why customers might consider it as a finance option.
For more information contact our team at info.ie@closebrothers.com.

For customers, if you qualify for Close PCP

Pay a minimum deposit of 10%,
We guarantee the minimum future value of the vehicle
You agree monthly repayment amounts over the term of the agreement
You will not own the vehicle until the final repayment is made
At the end of term, you can: return the vehicle, arrange a new agreement for another vehicle or make a balloon payment to own the vehicle outright.

We’re partnered with over 650 dealers nationwide, visit your local dealership and ask out Close PCP.

Warning: if you do not meet the repayments on your hire-purchase agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in future. Terms and conditions apply. Over 21s only. Subject to status. Finance eligibility criteria apply

Find a dealer

For our dealer partners

Close PCP can be offered on your new and used stock up to 4 years old
It does not include Battery Electric Vehicles' (BEVs) or Light Commercial Vehicles (LCVs)
We will de-risk your business by guaranteeing the minimum future value of the vehicle
Your customers could benefit from lower fixed monthly repayments compared to Hire Purchase.

Over 650 dealers have partnered with us, taking advantage of our unique approach to motor finance and our capacity to say yes to more customers. We are always ready to welcome more dealers to our family.

Become a dealer