How does it work
With a Personal Contract Purchase you can keep your monthly payments lower by deferring a significant proportion of the amount of credit to the final payment at the end of the agreement. Agree an initial deposit, how many miles you are likely to travel each year and how long you want the agreement to run for and the dealer will then calculate the Guaranteed Future Value (GFV) of your vehicle and confirm your monthly payment. The dealer will submit the finance application to us and subject to your application being approved; you can just drive your car away.
*If the vehicle is in good condition and has not exceeded the agreed maximum mileage you will have nothing further to pay. Further information on what is considered good condition can be found at blackhorse.co.uk/goodconditionguide. If the vehicle has exceeded the agreed maximum mileage a charge for excess mileage will apply. **Subject to settlement of your existing nance agreement, new nance agreements are subject to status.
Then at the end of the agreement you have 3 options:
And you have 2 to 4 years to decide which option to choose.
How it works
What you pay
Three final options
What you need to know about Personal Contract Purchase
Why choose Personal Contract Purchase?
Personal Contract Purchase is a type of hire purchase agreement that lets you keep your options open. You don’t need to decide now - if your circumstances change over the years you’ve got options.
Please contact us if you require additional information.
Hailsham East Sussex
King's Lynn Norfolk
01553 780 600
01603 980 890
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