New Hyundai PCP Offer in Oldham, Preston & Stockport

What is PCP?

Personal Contract Purchase (PCP) is a highly flexible and popular plan that provides you with the option to change your car on a regular basis.

How does it work?

  • At the start of the agreement we'll set an optional final payment for the car
  • You pay a deposit and then make monthly repayments, based on the outstanding loan balance minus the optional final payment.
  • At the end of the repayment period you'll have three options
  1. Renew. Part exchange the car and use any equity as a deposit on your next car (availability can't be guaranteed)
  2. Retain. Pay the optional final payment and take ownership of the car.
  3. Return. Hand back the car with nothing more to pay, subject to mileage*

What else do i need to know?

  • Typical repayment periods are over 25 or 37 months
  • The optional final payment is based on your repayment period and mileage. This can be set from 6,000 to 30,000 miles per annum
  • A maximum of 40% deposit is allowed and the minimum loan amount is £3,000
  • As a regulated finance agreement, this product is not available to corporate entities, eg limited companies
  • You will not own the vehicle until all monthly payments are made, including the optional final payment
  • The car can be up to 47 months old and 50,000 miles at the start of the agreement and must not exceed 84 months/100,000 miles at the end of the agreement

*If electing to hand the vehicle back at the end of the contract, excess mileage over the agreed limit will be charged at 14.9p per mile for all models

You will not own the vehicle until all payments are made. Finance subject to status. Terms and conditions apply. 18's or over. Guarantee my be required. Finance provided by Hyundai Finance RH1 1SR.