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Personal Contract Purchase

Finance Information

Personal Contract Purchase (PCP) is a car finance option offered by the Hendy Car & Van Store.

There are four steps to PCP

  1. You will agree an amount you need to borrow to purchase your chosen used car from the Hendy Car & Van Store (less any deposit or part exchange).

  2. We will contact the motor finance company for you which, subject to credit checks, pay for the car for you.

  3. You will make monthly payments to the motor finance company making your car more affordable by putting off (or deferring) part of the cost until the end of the agreement.

  4. At the end of the agreement, you will have three options:

    • Pay off the deferred amount in full and keep the car (please note, you do not own the car until you make this final payment)

    • Hand the car back to the motor finance company

    • Trade the car in against another used car at the Hendy Car & Van Store.

Benefits Of Choosing PCP As Your Finance Option

  • You know what you will pay each month and for how long (fixed instalments for a fixed term)

  • You can afford a better car for a lower fixed monthly payment over a shorter period of time

  • You have more than one option at the end of the agreement.

    Please do not hesitate to contact us to discuss PCP or any other finance option for your next used car. We have a large range of used cars in stock, updated daily.

    Call us on 01392 954 633

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