Personal Contract Purchase is a car finance agreement where you choose your car, the finance company pay the dealership and you repay the finance company in monthly instalments. The term usually lasts 2-3 years and at the end of the agreement you will have be able to either:

1) Buy the car by paying the balloon payment (also known as the Guaranteed Minimum Future Value)

2) Hand the car back – the finance company already set the GMFV, so handing the car back means you settle the deal.

3) Part exchange the car or sell it privately, using the money to settle the GMFV with the finance company and keeping any profit.

Due to the structure of this type of finance agreement, it’s perfect for anyone who likes to change their car regularly, without worrying about reselling the car, when you fancy a change.

Personal Contract Purchase Car Finance

Benefits of PCP at a glance:

Monthly repayments are usually lower than Hire Purchase

Offers more flexibility at the end of the agreement compared to other types of car finance

Benefit from a smaller initial deposit

Can easily enter into a new PCP contract at the end of the term if you want a new car

If the car is worth more than the GMFV at the end of the term, you can use the equity towards a deposit on a new car

We work really hard to ensure we can get you the best finance deal. Through our panel of over 15 lenders, we can accommodate a wide variety of credit types.

Who can we help?

✓ Bad credit history

✓ No credit history

✓ Ex-bankrputcy

✓ Self-employed

✓ Unemployed

✓ Part time / agency workers

✓ Taxi drivers

Black car driving along a road on a summer day
If you’re over the age of 18, hold a UK driving licence and have lived in the UK for at least 3 years then we can help you secure car finance.

Fill out an application form online

Get a free, no obligation quote now

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Refused Car Finance Reviews

4.87 Average

211 Reviews


I had been refused car finance by a main dealer so found this site online and thought I would try it and it turned out to be the best thing I did. Sean who was assigned to me as an agent and he went above and beyond what I expected and he worked so hard to get me the finance I needed at the right rate and price due to my credit rating not being that great and I was able to buy the car I wanted. I cant thank him enough and I will definitely come back to this company when I buy again. thanks again Sean from Scott

Julie Prescott

Excellent company staff friendly and extremely helpful they advised and arranged everything first class.


Went looking for car finance with no luck from anywhere. Eventually found refused car finance! They were great from start to finish. Sean helped me when we had a bit of a problem, reassured me and never stopped communication. Would highly recommend to anyone!

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