The monthly payments are not subject to VAT, however if you do take out the optional service package then you will have to pay VAT on the service costs.
PCP is ideal for any individual who would like options at the end of their finance agreement. PCP customers make an initial payment when they first take out the contract, then pay fixed monthly payments and finally have an Optional Final Payment (OFP) at the end at the end of the contract which is also referred to as the GFV (Guaranteed Future Value).
You can trade in or sell your vehicle at a dealership and take another vehicle from them. If the trade in value is larger than the OFP you will be able to use the difference towards a deposit on a new vehicle. Or, you can simply return the vehicle to the funder, as long as you have not exceeded the mileage and the vehicle is in an appropriate condition for its age there will be no charge. Finally, you can keep the vehicle either by paying the OFP in full or you will find that most companies offer the opportunity to re-finance the OFP.
I wanted to say thanks for all your help throughout the process of getting my new Tesla 90D. From the start of the first call you demonstrated a perfect balance of being friendly and helpful while fast and efficient. The way you kept me informed each step of the way was exemplary - telling me what you would do, what would happen next and then confirming when it was done.
I've recommended you already and will continue to- well done and thank you for all your help.
Thank you for professional and efficient service in providing the Porsche Macan exactly as promised, on time and to specification.
Your service was greatly appreciated.
I am so thrilled with the car! It is everything I had hoped for, so roomy especially as my son and daughter-in-law are about to have twins, so I will be able to help them lots.
Your service has been brilliant, you, in particular, have been so patient with the process. The delivery man was charming. I will absolutely recommend you to others.
The whole process was simple and smooth from start to finish, Kieran answered all my questions and left no stone unturned.
What a service, Stuart and Natasha are superb. Can't recommend these guys enough.
Just a THANK YOU!
Truck delivered all as promised, communication excellent.
Thank you for an excellent service. Everything was great and spot on.
Thank you for managing to find a physical car with the exact specifications my wife wanted, something no other company could achieve. Also, for having patience with a very awkward and hard to please customer! Can't recommend this company highly enough! Fantastic from beginning to end.
Thought the A7 was a good car but this is just a different league!!
I feel like a super star in it!!!
Thank you for sourcing us a commercial company vehicle at a price we felt was affordable and competitive along with the added maintenance package.
You are someone we can trust explicitly and whose knowledge of the motor leasing trade second to none, he was able to find a great discount on our vehicle which other leasing companies could not.
The whole buying process was quick and easy and John was able to talk us through the whole process in advance so we knew what to expect.
All in all, John is a great person to work with and we will have no hesitation in referring all future car leasing needs to him.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
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