The choice of settlement options and low monthly cost makes PCP an attractive option, but it may not be suitable for everyone. For example, if you’re regularly driving long distances you may find the mileage restrictions limiting. And, if you decide you want to own the car at the end of the contract, you’ll need to budget for the Balloon Payment. PCP deals are also usually only available to individuals with a good or excellent credit rating, so if your credit score has taken a few knocks, you may want to consider a Hire Purchase (HP) instead.