Personal Contract Purchase
Drive More. Pay Less Monthly.
PCP is the UK's most popular car finance product. Lower monthly payments, flexibility at the end of the term, and the option to own the car outright — all arranged by AK Asset Finance at rates the dealership can't match.
Key Benefits
Lower monthly payments compared to HP — you only finance the depreciation
Flexible end-of-term options: hand back, part-exchange, or buy outright
Access to newer, higher-spec vehicles within your budget
No mileage penalty if you set a realistic annual mileage upfront
Guaranteed Minimum Future Value (GMFV) protects you from depreciation risk
Ideal for drivers who like to change their car every 2–4 years
We compare rates across multiple lenders — not just one bank
No obligation quote with no hard credit check at enquiry stage
How It Works
Tell us what you're looking for
Share the vehicle you have in mind, your deposit (if any), and your preferred monthly budget. We'll do the rest.
We search our lender panel
We compare PCP rates from our panel of FCA-authorised UK lenders to find the most competitive deal for your circumstances.
You review your options
We present your best PCP options clearly — monthly payment, APR, balloon payment, and term — with no jargon.
Finance approved, keys in hand
Once you're happy, we handle the paperwork. Finance is typically approved within 24–48 hours.
Frequently Asked Questions
What is a balloon payment on PCP?
Is PCP better than HP?
Can I get PCP with bad credit?
What happens if I exceed my mileage on PCP?
Do I need a deposit for PCP?
How long does PCP approval take?
Get Your PCP Quote Today
No obligation. No hard credit check at this stage. We'll compare rates across our lender panel and come back to you within 24 hours.
* Finance subject to status. AK Asset Finance is a credit broker, not a lender.