Personal Contract Purchase Finance
Best PCP Car Deals
- Best PCP Car Deals On New & Used Cars
- PCP Finance With No Deposit
- All Credit Scores Considered
Looking for the best PCP car deals? CarFinanced searches our full panel of trusted lenders to find the most competitive personal contract purchase finance available. Whether you want PCP on a new car, used car, or second hand vehicle — with zero deposit or a part-exchange — we find personal PCP deals tailored to your budget and credit profile. FCA regulated, free quote in minutes.
PCP Finance Deals:
New Car PCP Deals
Lower monthly payments on brand new cars with flexible end-of-term options — keep it, return it, or trade it in.
PCP On Used Cars
Personal contract purchase isn't just for new cars. We arrange PCP on used and second hand cars too.
PCP Second Hand Cars
Drive a quality used vehicle on a personal contract purchase agreement with fixed monthly payments.
No Deposit PCP Finance
Zero upfront cost — we arrange personal contract purchase car finance with no deposit required.
Bad Credit PCP Deals
Poor credit history or CCJs? We still find competitive personal PCP deals from our lender panel.
Vehicle PCP Deals
Finance any vehicle on a PCP agreement — from city cars to SUVs, new or second hand.
Making car finance simple for 10,000+ customers
“I’ve used CarFinanced after being recommended by a friend and I’m so glad I did. Hass was brilliant from start to finish — kept me updated throughout and made sure I understood everything before signing anything. Got a great rate and the whole thing was sorted quicker than I expected. Will definitely be coming back when it’s time to upgrade.“
Albert James
Happy customer
“Quick, simple process. My account manager was great throughout. Very helpful, professional and quick with responses to any questions I had”
Kirsty Baillie
Happy customer
“I’ve bought many cars using finance companies in the past but none have been as good as CarFinanced. Special thanks and shout out to Hass for overseeing the process and ensuring I got the best deal on my new car in a very quick turnaround also.”
Mike Davis
Happy customer
“Honestly wasn’t sure what to expect but CarFinanced made the whole process really straightforward. Hass sorted everything out for me and was always on hand to answer any questions I had. Got into my new car way faster than I thought possible. Great service all round.”
Maria David
Happy customer
Your monthly payment will depend on a few things:
How much deposit you would like to pay
The yearly miles you cover
The interest rate on the loan
The future value of the car as set by the lender
How Do PCP Car Deals Work?
Your agreed deposit
By agreeing an initial deposit, you can lower your monthly payments however zero deposit options are often available.
The number of monthly repayments
Longer PCP terms = smaller monthly payments, but a bit more overall. Shorter terms = higher monthly payments, but you own your car sooner.
The final payment (balloon)
To keep the car at the end of your PCP loan agreement, you will need to pay the final payment, otherwise known as the ‘Balloon Payment’.
Why Get Your PCP Finance Deal Through CarFinanced?
CarFinanced was built to help people drive the car they really want. Our mission is to give you the options so that you can make the best decision based on your personal circumstances.
No matter what your credit score looks like, we can help find you the best personal contract purchase deal. So whether it’s the new family car with the big boot, or a 2 seater sports car for a weekend blast, we are here to help.
PCP Finance Deals — Pros & Cons
Most cars in the UK are sold on some form of credit scheme. It helps break down the cost of getting you on the road in the car you really want. PCP is a good option, but may not be right for you so we’ve broken down the pro’s and con’s for you below:
Pro’s
PCP is a great option if you want to keep the monthly payments lower than other finance options
If you like to change cars more regularly, PCP gives you options including giving the car back, buying the car outright or trading it in for a new one.
If you like to budget efficiently, then PCP offers fixed monthly payments with no surprises
‘Nearly New’ cars are an option with PCP, ensuring you are buying something with almost all the benefits of a new car.
Con’s
If you like to own your cars, then PCP may not be the right option as you do not own it throughout the duration of the loan agreement. You only own it if you pay the balloon payment at the end.
If you like to be spontaneous with your days out, you will be charged a fee for going over your agreed mileage
A deposit is often needed with PCP
You may not have a lot of positive equity for a new agreement if the Guaranteed Minimum Future Value (GMFV) is close to the car value
HP
If this is the number one priority with buying a new car, then HP would quite possibly be the better option. Yes, the monthly payments are higher however, at the end of the agreement, you will own the car following payment of the ‘Option to Purchase’ fee.
PCP
With PCP, you will be ‘hiring’ the car for the duration of your agreement, with the option of ownership only available following the completion of the balloon payment.
This is possibly the biggest consideration when deciding between PCP and HP. If you like to drive without limitation and typically rack up the miles on long trips and family getaways, then HP could well be a better option.
With PCP agreements, you will generally find mileage limitations and sizable fees for exceeding the agreed amount. With HP, there are no such limits.
Frequently Asked Questions
What is personal contract purchase (PCP) car finance?
PCP is a finance agreement where you pay lower monthly instalments covering depreciation, then choose at the end to own the car, return it, or trade it in.
What are the best PCP car deals available?
The best PCP deal for you depends on your credit score, deposit amount, and preferred car. CarFinanced searches our full lender panel to find your most competitive personal PCP deal.
Can I get PCP on used or second hand cars?
Yes. PCP on used cars and second hand cars is available through CarFinanced — not just new vehicles.
Can I get PCP car finance with no deposit?
Yes. Zero deposit PCP finance is available through CarFinanced. No upfront payment is required.
What is a PCP quote and how do I get one?
A PCP quote shows your estimated monthly payments, total cost, and balloon payment. Get a free PCP quote from CarFinanced in under 60 seconds with no credit score impact.
Can I get PCP with bad credit?
Yes. CarFinanced works with lenders who consider all credit scores for personal contract purchase finance, including poor credit, CCJs, and defaults.
What is the balloon payment in a PCP deal?
The balloon payment (also called the Guaranteed Minimum Future Value) is the optional final lump sum you pay to own the car at the end of your PCP agreement.
What is the difference between PCP and personal contract purchase?
They are the same thing — PCP stands for Personal Contract Purchase. Some lenders also refer to it as a personal contract plan.
Are there PCP finance deals on new cars?
Yes. New car PCP deals typically offer the lowest monthly payments as new cars hold their value better, resulting in a lower depreciation charge.
What vehicles can I get on a PCP deal?
Vehicle PCP deals are available on most cars — from small city cars to large SUVs, new or used, through CarFinanced’s lender panel.