End of PCP Contract

However, often the balloon payment needed to secure the vehicle outright can be beyond the means of many consumers. Similarly, the plan holder may wish to take a different route, such as getting a new car.

Another option is to return the car to the Personal Contract Purchase provider. In this instance, depending on the provider, the plan holder will not get any of their repayments back, and they will also lose their deposit.

Those plan holder who wish to can also use the difference between the GFV and the value of the car to make a deposit on a new car.