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Personal Contract Purchase (PCP) is one of the most popular vehicle finance options. After an initial deposit, you make fixed monthly payments over an agreed term. Because part of the vehicle's value is deferred until the end of the agreement, monthly payments are often lower than other finance products. At the end, you can return the vehicle, part exchange it or make a final payment to own it.
PCP typically offers lower monthly payments, plus flexible end-of-agreement options and the opportunity to change your vehicle regularly. It’s an attractive option for drivers who enjoy upgrading frequently.
You should consider your annual mileage, budget and whether you expect to keep the vehicle long-term. Exceeding agreed mileage limits may result in additional charges.
Yes. In most cases, you can request an early settlement figure. Our team is here to explain your options and any associated costs before you decide.
Hire Purchase (HP) is a straightforward finance
solution that spreads the cost of your vehicle via fixed monthly payments.
After paying an initial deposit, you make regular payments throughout the
agreement term. Unlike PCP, there’s no optional final payment. Once all
payments have been completed, ownership transfers to you. HP is ideal for
drivers who intend to keep their vehicle for many years.
You pay a deposit followed by fixed monthly payments over an agreed term. Once all payments have been made, the vehicle becomes yours.
Monthly payments are often higher than PCP because you’re financing the full vehicle value. However, you benefit from eventual ownership once the agreement ends.Text here ...
Yes. You can usually settle an HP agreement early. Contact our team for a personalised settlement quotation and further guidance.
Both options allow you to settle early, with the possibility of paying off the agreement ahead of schedule.
At AMG Lepas, we’re here to find the right car and financing plan that suits your lifestyle. Get in touch today to explore your options.
