Archive: 2017

Personal Contract Purchase (PCP) is a type of car finance, which requires an initial deposit, followed by monthly payments to be made over an agreed period of time.

GAP (Guaranteed Asset Protection) insurance, covers you if you are unlucky enough to have your vehicle written-off in a road collision or if your car is stolen and not recovered. It reduces the risk of you having to make insurance repayments when the car is no longer in your possession due to unforeseen circumstances.

Used cars can be bought on finance and you can choose from a number of contract options. The most common finance arrangements are Hire Purchase (HP) and Personal Contract Purchase (PCP).