Cars
Subscribe
Get Our Latest Leasing Offers and News in a reader or
Enter your details below to receive the latest special offers.
Nationwide Vehicle Contracts Ltd is an appointed representative of Lombard Vehicle Management, Network Vehicles, Renault Financial Services.
Vehicle Finance Application Forms
Please select from the following to submit a finance application:
- Car Leasing: Home
- Car Finance
- Personal Contract Purchase
Personal Contract Purchase (PCP)
What Is Personal Contract Purchase?
Personal Contract Purchase is a finance agreement which gives the individual the option to purchase the vehicle, or to simply hand it back at the end of the contract period. With a Personal Contract Purchase, the monthly finance payments are not subject to VAT. If the optional service package is taken, VAT is payable on the service costs.
How Does It Work?
Personal Contract Purchase involves an initial deposit and then a series of monthly payments. There is also an agreement about what the car will be worth at the end of the contract – this is the minimum guaranteed future value. The monthly payments are the cost of the vehicle after the MGFV and the value of your deposit have been deducted.
Personal Contract Purchase Case Study:
Joe Bloggs has taken out a personal contract purchase agreement on a Mazda 3. The contracts is for 36 months and the annual mileage is 10,000. After the initial payment, Joe Bloggs pays a monthly fee of £250.26 direct to the finance company. At the end of the contracts, Joe Bloggs can purchase the car for a predetermined amount of £5,274.00
What Are the Benefits?
Key features and benefits include:
- Similar benefits regarding fixed payments and flexible terms
- Maintenance and added value services can be included
- The finance company guarantees the resale value of the vehicle at the end of the personal contract purchase agreement for a known, fixed amount
- Ownership passes to the customer at the end of the agreement when all payments have been made
Compare Vehicles
What we offer
Nationwide Latest Contract Hire Offers
-
Volkswagen Golf MK7 1.6 TDI SE 5 Door
£199.95 per month excl. VAT -
Ford Mondeo 2.0 TDCi 140 Zetec Business Edition
£189.95 per month excl. VAT -
Mercedes C Class Coupe C220 CDI BlueEFFICIENCY Executive SE Auto Special Offer
£258.95 per month excl. VAT -
BMW 3 Series Saloon F30 330d M Sport Step Auto [Business Media]
£305.95 per month excl. VAT -
Skoda Yeti 2.0 TDI CR SE *Free Metallic Paint*
£169.95 per month excl. VAT -
Volvo V40 D2 ES
£184.95 per month excl. VAT -
Nissan Qashqai 1.5dCi 360 Free Metallic Paint
£189.95 per month excl. VAT -
Ford Kuga 2.0 TDCi Zetec 2WD
£199.95 per month excl. VAT -
Mitsubishi Outlander 2.2 DI-D GX3 [Leather] 7 Seat
£229.95 per month excl. VAT -
Audi A3 Sportback 5 Dr 2.0 TDI SE
£199.95 per month excl. VAT -
Mercedes A Class 5Dr A180 CDI SE
£199.95 per month excl. VAT -
Nissan Qashqai+2 1.6dCi N-Tec+ (Start Stop)
£227.95 per month excl. VAT -
Volkswagen Golf Cabriolet 1.6 TDI BlueMotion Tech SE
£199.95 per month excl. VAT -
Fiat 500 1.2 Colour Therapy
£94.95 per month excl. VAT -
Seat Ibiza 5Dr 1.2 TDI CR S [AC] **Free Metallic**
£110.95 per month excl. VAT -
Vauxhall Astra Sports Tourer 1.7 CDTi 16V ecoFLEX 130 Exclusiv [SS] *Free Metallic Paint*
£164.95 per month excl. VAT -
Audi Q3 2.0 TDI SE
£259.95 per month excl. VAT -
Vauxhall Astra 5 Door 2.0 CDTi 16V ecoFLEX SRi *Free Metallic Paint*
£159.95 per month excl. VAT
(1).jpg)
.jpg)
