Personal Contract Purchase (PCP) is by far the most popular method of funding your vehicle when taking a "Cash for Car" option. It is essentially a purchase agreement where the monthly payment is kept low by the implementation of a Guaranteed Future Value (GFV). The GFV is stated at the outset of the contract and is determined by your annual mileage. At the end of the contract term, you have three options:

1. Hand back the vehicle to the finance company. (An excess mileage charge may be incurred if you exceed the stated mileage).
2. Purchase the vehicle at the GFV value. (Regardless of market value. We can arrange a re-financing package if required).
3. Part-exchange the vehicle. (This is by far the most popular option as it allows you the possibility of taking equity from the difference between the part-exchange and GFV figure on the vehicle. This amount can be used as a deposit on your next vehicle). Full Maintenance can be included in this funding method.