Sheffield Personal Contract Purchase Vehicles

Sheffield Personal Contract Purchase Vehicles; PCP is ideal for any individual who would like options at the end of their finance agreement. PCP customers make an initial payment when they first take out the contract, then pay fixed monthly payments and finally have an Optional Final Payment (OFP) at the end at the end of the contract which is also referred to as the GFV (Guaranteed Future Value). Advantages: Low initial payment Fixed monthly payments You may be able to refinance the balloon payment No depreciation concerns if you wish to walk away at the end Maintenance and servicing can be included Fixed balloon or guaranteed future value to purchase payment when you first take out the contract Cost effective Can be used to finance new or used vehicles Disadvantages: You will have to make a decision at the end of the contract as to whether you wish to sell the vehicle, return it or Keep it - this is often seen as an advantage to most people. You must have fully comprehensive vehicle insurance

For more information on Sheffield Personal Contract Purchase Vehicles talk to Vision Automotive Group Ltd