With Personal Contract Purchase (PCP), you can keep your options open. You choose your deposit and term length, and have three choices at the end of your term.
The key difference between PCP and a standard Conditional Sale agreement is that rather than paying the sum of the entire vehicle over the duration of your agreement and owning it at the end, you have the option to give back your vehicle at the end of your term, or even replace it for a different vehicle on a new finance plan.
The Retailer will calculate an Optional Final Payment before your contract begins, which is a guaranteed figure and therefore remains fixed throughout your term. This Optional Final Payment is a forecast of the vehicle’s worth at the end of your finance term, which takes into consideration factors like the age of the vehicle at the end of the term, and the estimated mileage that the vehicle would have done when it’s handed back.
When calculating your monthly payments, the Optional Final Payment is then deducted from the cost of the vehicle, which means that your monthly payments in a PCP agreement are always likely to be cheaper than in a Conditional Sale agreement.
At the end of a PCP finance term, you have three options with Vauxhall.
Terms and Conditions: *Flexible PCP Terms and Conditions Offer subject to availability at participating Retailers only. Personal Contract Purchase. Finance subject to status, Ts&Cs apply. Applicants must be 18+. Finance by Vauxhall Finance, CF15 7YT. 24-48 month term available. Monthly payment has been calculated using a price which includes Vauxhall and/or Retailer contribution where applicable. Vauxhall Deposit Contribution only available when vehicle financed through Vauxhall Finance. At the end of the agreement there are three options: i) Part exchange the vehicle, where equity is available ii) Pay the optional final payment to own the vehicle, or iii) Return the vehicle. Offer applies to private individuals, Vauxhall Partners and small businesses 1-24 units. Orders or registrations from 6 December 2019 to 2 April 2020. Vauxhall Motors Limited reserves the right to change, amend or withdraw this offer at any point in time. ^Available at participating Vauxhall Retailers only on Vauxhall cars up to 10 months old. Offer valid until 31 March 2020
Terms and Conditions: *Try your New Vauxhall Terms & Conditions Model shown: New Corsa Elite Nav. Only available on 4.9% APR Representative Conditional Sale and Personal Contract Purchase. Additional £500 deposit contribution when a customer test drives a qualifying Vauxhall; to a maximum of £5,200 on petrol models and £5,500 on diesel models available on a qualifying new Vauxhalls. Conditional Sale: 24-60 month term. Personal Contract Purchase (PCP): 24-48 month term available. At the end of the PCP agreement there are three options: i) Pay the optional final payment to own the vehicle, ii) Return the vehicle, or iii) Replace: Part Exchange the vehicle where equity is available. Offers subject to availability on selected models at Participating Retailers only. Finance subject to status. Ts&Cs apply. Applicants must be 18+. Finance by Vauxhall Finance. CF15 7YT. Offers apply to private individuals, Vauxhall Partners and small businesses 1-24 units. Orders on a New Vehicle from 26 December 2019 and 2 April 2020, and subsequently register it by 2 April 2020; and book and carry out a test drive of a New Vehicle with a participating Retailer by 2 April 2020. Full Ts & Cs and restrictions apply. Vauxhall Motors Limited reserves the right to change, amend or withdraw this offer at any point in time. See full terms & conditions. ^Available at participating Vauxhall Retailers only on Vauxhall cars up to 10 months old. Offer valid until 31 March 2020. Click here to view the full Ts&Cs and restrictions which apply.
Take a test drive. Get a extra £500 towards a qualifying New Vauxhall with 4.9% APR: Experience The New Corsa