Buying a car at the close of a PCP financing deal If you want to own a car, Fix your finances with an optional final payment and the car is yours…once you have made the optional final payment – provided the deposit and all monthly payments have been paid – you will become the owner.

What happens when your PCP ends?

When your PCP agreement expires, you have three options. Pay the optional final payment to buy the car, return the keys and leave without paying anythingor simply hand it back to a new one.

Is it worth buying a car at the end of the PCP?

Your The value of the car may exceed the final payment, in which case you can sell it and make a profit. There are a number of situations in which a car may be worth more than the GFV at the end of the PCP contract, including: … your car is a limited edition model that retains its value and becomes more popular over time.

Can I return the car at the end of the PCP?

Return the car and claim the guaranteed future value.Instead of paying a large balloon amount at the end of your PCP, you You have the option to return the car to you after you have paid all your monthly payments.

What is the PCP protocol and what are your options when it ends?

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