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Ready to clear your PCP finance balloon payment?
Apply online or contact one of our loan officers today!
Loan Benefits
- Interest calculated on reducing loan balance, saving you money
- Repayments by direct debit, simple & secure
- Excess earnings returned to members in the form of dividends
- Free Loan Protection Insurance for peace of mind
The pitfalls of PCP – Personal Contract Purchase
1Balloon Payment Shock
The final balloon payment can be larger than expected, leading to financial strain if you’re not prepared.
2Mileage Restrictions
Exceeding mileage limits can result in extra charges at the end of the agreement.
3Maintenance Costs
You’re responsible for maintaining the car in good condition, and any damage beyond fair wear and tear may incur additional fees.
4Ownership Costs
Unlike a car loan from us, you don’t own the car until the final payment is made, limiting your flexibility to modify or sell it.
5Depreciation Risk
If the car’s value drops more than expected, you may owe more than the car is worth at the end of the agreement.
