Personal Contract Purchase

This funding method is similar to Hire Purchase but has a residual value built into the payment structure to reduce regular monthly payments to a figure to ease cash flow.

At the end of the contract the end user has four options:

• Return the vehicle without paying the residual value & walk away.

• Replace the existing vehicle using the equity resulting from sale proceeds as a new deposit.

• Pay the agreed end of contract sum with ownership of the vehicle then passing to the customer.

• If you wish to retain the vehicle it is possible to refinance the residual figure over a further agreed period

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