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PCP Car Finance

Terms and Conditions:

This example is for a Hire Purchase Agreement.

I confirm that I have read and understand the following, and that in doing so provide permission for ZAP Loans to undertake a credit search and provide my information to their panel of lenders. I understand that this may register as a credit search against my name.

  • I have read the Initial disclosure document (IDD) available online
  • I consent to a credit search being conducted
  • I understand the following
    • The credit search relates to a hire purchase product which does not have any mileage restrictions; however, a balloon product is also available – please call to discuss
    • Subject to balance financed, the agreement would be protected by the Consumer Credit Act (CCA)
    • I tend to be the registered keeper of the vehicle and would hold fully comprehensive motor insurance during the length of the agreement
    • I understand that the vehicle is at risk of repossession if the contractual repayments are not maintained

By proceeding to obtain a quote, you confirm that you have independently chosen the appropriate term of agreement , are comfortable with the suggested repayments and agree to the above statements. Copies of the relevant documentation, to include the IDD, Product Explanations and Overview have been provided to your email address in a durable medium

ZAP Audi

What are the pros and cons of PCP car finance?

  • Spread the cost with affordable monthly PCP finance payments

  • Option to own the car at the end with a balloon payment

  • Trade the car in at the end of the agreement or simply walk away

  • PCP car finance deals available even if you don’t have good credit

  • The final balloon payment can be expensive

  • You’ll be charged for damage that isn’t considered normal wear and tear

  • There are mileage limits with Personal Contract Purchase finance

Frequently asked questions

Is PCP finance only available with new cars?

No, it’s possible to get PCP on cars that are a couple of years old. However, you may find better deals on new cars. This is because older cars have a lower value, so dealers will inflate interest rates to make money.

How can I lower my monthly PCP payments?
Can I pay off my PCP finance early?
What if I can’t afford the balloon payment at the end?

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