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Volkswagen Car Finance PCP Car Finance
Personal Contract Purchase (PCP) is one of the most popular ways to finance a car. Enjoy lower monthly payments with flexible end-of-term options.
With no impact to your credit score*
Calculate Your Finance
Estimated monthly payments
With no impact to your credit score*
We act as a credit broker, not a lender
Representative example: borrowing £6,500 over 5 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00, the amount payable would be £161.19 per month, with a total cost of credit of £3,171.55 and a total amount payable of £9,671.55. This is an example only, lender fees may apply. The exact rate you will be offered will depend on your circumstances. All finance subject to status.
*After completing the application, lenders will perform a “soft search” that will not affect your credit score. Should you get an offer of finance and wish to proceed, the lender will then perform a “hard search” of your credit file. Finance acceptance is not guaranteed, please click the following link for more information: Initial Disclosure Document
PCP (Personal Contract Purchase) is a popular type of car finance that offers lower monthly payments compared to HP. At the end of your agreement, you have three options: hand the car back, pay the balloon payment to own it, or part-exchange for a new vehicle.
How Does PCP Work?
With PCP, you pay a deposit (or we can arrange no deposit), followed by fixed monthly payments over an agreed term (typically 24-48 months). The monthly payments only cover the depreciation of the car, not the full value, which is why they're lower than HP.
At the end of the term, there's a final 'balloon payment' (also called the Guaranteed Minimum Future Value or GMFV). You can choose to pay this and own the car, return the car with nothing more to pay, or use any equity as a deposit on your next vehicle.
Benefits of PCP Finance
- Lower monthly payments compared to HP
- Flexible end-of-term options — keep, return, or upgrade
- Drive a newer car more often
- Fixed monthly costs for easy budgeting
- GAP insurance available for added peace of mind
Is PCP Right for You?
PCP is ideal if you want lower monthly payments and like the flexibility of changing your car every few years. It's particularly popular with drivers who like to keep up with the latest models.
However, there are mileage limits with PCP agreements, and the car must be returned in good condition if you choose not to buy it. If you plan to keep the car long-term, HP might be more cost-effective overall.
How It Works
Getting car finance doesn't have to be complicated. Here's how our simple process works.
Apply Online
Complete our quick and easy application form in just a few minutes. It won't affect your credit score.
Get Matched
We'll search our panel of lenders to find the best deal for your circumstances.
Choose Your Car
Once approved, choose any car from any reputable dealer. Our Personal Shopper service can help.
Sign & Drive
Sign your finance agreement and drive away in your new car. It really is that simple!
With no impact to your credit score*
We act as a credit broker, not a lender
Representative example: borrowing £6,500 over 5 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00, the amount payable would be £161.19 per month, with a total cost of credit of £3,171.55 and a total amount payable of £9,671.55. This is an example only, lender fees may apply. The exact rate you will be offered will depend on your circumstances. All finance subject to status.
*After completing the application, lenders will perform a “soft search” that will not affect your credit score. Should you get an offer of finance and wish to proceed, the lender will then perform a “hard search” of your credit file. Finance acceptance is not guaranteed, please click the following link for more information: Initial Disclosure Document
Frequently Asked Questions
Ready to Get Behind the Wheel?
Apply for car finance today. Our quick application takes just minutes and won't affect your credit score.
With no impact to your credit score*
We act as a credit broker, not a lender
Representative example: borrowing £6,500 over 5 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00, the amount payable would be £161.19 per month, with a total cost of credit of £3,171.55 and a total amount payable of £9,671.55. This is an example only, lender fees may apply. The exact rate you will be offered will depend on your circumstances. All finance subject to status.
*After completing the application, lenders will perform a “soft search” that will not affect your credit score. Should you get an offer of finance and wish to proceed, the lender will then perform a “hard search” of your credit file. Finance acceptance is not guaranteed, please click the following link for more information: Initial Disclosure Document
