What is Personal Contract Purchase?

Personal Contract Purchase is a popular way to buy a new car, offering stability and risk-free finance. It is a flexible type of car finance and low monthly payments are one of the most significant benefits. However, a hire purchase plan may be more cost-effective in the long-term for people who are reasonably sure they are aiming to own the car outright at the end of the agreement.

With Personal Contract Purchase, you pay a deposit upfront to secure the car and then make a series of monthly instalments over a set period of time. At the end of the term you have the option of a final ‘balloon’ payment which is larger than the monthly amount, and then means you own the car. The balloon payment is calculated using the future value of your car. If you do not want to pay this, you can hand the car back to us or trade it in to upgrade to a new car.

You can choose from a variety of competitive Personal Contract Purchase offers available on Citroën and Toyota cars at our dealership in Warrington. Please make an enquiry today to speak to an adviser and find out more.

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