Personal Contract Purchase (PCP)
A PCP deal is similar to a HP deal in that you hire the Motorbike for the duration of the payments made, but once the period ends, you have three choices:
- You can pay off the remaining lump sum known as a “balloon” payment and claim ownership of the motorbike.
- You can return the motorbike once the balloon payment is due.
- You can part exchange the motorbike and begin a new PCP deal with a new one.
Because of the balloon payment, it means that the monthly rate is usually lower than with a HP contract. It is also beneficial for customers who are unsure of how their financial circumstances will look at the end of the deal, as they are given a choice of what they want to do.
It is crucial that you submit an application for the financial choice that best fits your situation. For amazing rates on personal contract purchase vehicle financing, see our bad credit PCP finance page.