Drive your next car with flexible PCP finance
Lower monthly payments, flexible end-of-term options, and no impact on your credit score when you check your eligibility.
Finance Example
Representative example based on 12.9% APR. Rates from 14.9% APR. Your rate may differ. Credit broker, not a lender.
How it works
Three simple steps to your car
Personal Contract Purchase is straightforward — you pay off the car's depreciation, not its full value.
Your deposit
Put down a deposit — as little as zero or up to 10% of the car's value. More up front means lower monthly payments.
Monthly repayments
Pay off the car's depreciation over 24–36 months. You only pay the difference between its value now and at the end.
End of contract
Choose to return the car, buy it with a balloon payment, or put any equity towards a brand new deal.
At the end of your term
You're in control
Unlike other finance products, PCP gives you three ways to end your agreement.
Is PCP right for you?
Pros & cons of PCP finance
Understand the full picture before you apply.
✅ Advantages
- → Lower monthly payments than hire purchase
- → Flexibility to return, buy, or upgrade at the end
- → Could let you afford a newer, better car
- → Option to buy outright at any point
- → Easy to roll into a new PCP deal
❌ Disadvantages
- → Mileage limits apply — excess incurs charges
- → Car must be returned in good condition
- → Large balloon payment needed to own the car
- → Typically only available on newer vehicles
- → Missing payments may mean losing the car
FAQs
Common questions
What is a balloon payment?
A balloon payment (also called the Guaranteed Minimum Future Value) is the optional lump sum you can pay at the end of a PCP agreement to fully own the car. If you'd rather not pay it, you can simply return the vehicle.
Can I get PCP with bad credit?
Yes — Bigpage works with lenders who specialise in helping customers with less-than-perfect credit histories. Rates may be higher, but options are still available.
Can I use PCP on a used car?
Yes. PCP is available on used cars, though lenders typically require the car to be under 4 years old at the start of the agreement and no more than 7 years old at the end.
How much deposit do I need?
Deposits typically range from 0% (no deposit options are available) to around 10–30% of the car's value. The larger your deposit, the lower your monthly payments and overall interest costs.
Will applying affect my credit score?
No. Bigpage performs a soft credit check when you apply for a quote, which has no impact on your credit score. A full credit check only runs if you proceed with an offer.
Can I pay off my PCP early?
Early settlement depends on the terms of your agreement with the lender. Our team will walk you through your options when you apply.