PCP
Personal contract purchase (PCP).
A scheme available to all employees, both company car drivers and individuals alike.
How does it work?
It gives all of your workforce the chance to have any new car for a low, fixed monthly payment. They can choose the length of the contract – from two to five years. We take on the risks of depreciation by guaranteeing the vehicle’s future value. At the end of the contract, they have the choice to buy the vehicle outright, choose another car or simply hand it back. Since the contract is between us and the employee, there is no salary deduction or additional administration for your to worry about.
Benefits.
Available to all staff – company car drivers and private motorists.
Employees can have the car they want for a fixed monthly cost.
They can include all maintenance costs and breakdown cover in the monthly payment.
Involves no salary deduction, cost or additional administration for employers.
Discounts on finance and vehicles (up to 25% off list price) that aren’t available on the high street.
Schemes can be tailored to fit your existing fleet policy.