Home New Cars Used Cars Buy Online Servicing & Parts Offers More Back You are here: Homepage > Finance Funding solutions explained Finance Options Below we outline the finance products available to you to fund your new car purchase. Our team are available to assist with any questions, whether up front or throughout the journey should you wish to purchase online. ENQUIRE ABOUT FINANCE Car Finance What Is Personal Contract Purchase (PCP)? Personal Contract Purchase (PCP) is a finance product that allows you the opportunity to buy a new or a used car. It is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments over a term typically between 18 to 48 months. What makes PCP different to Hire Purchase (HP) is that your monthly instalments are paying off the depreciation of the car, and not its entire value, over the course of the term. Then, when you get to the end of your agreement, there is a final, balloon payment that must be made if you want to keep the car. The balloon payment is often referred to also as the Guaranteed Future Value (GFV). How does PCP actually work? What are the advantages of PCP? What should you consider when option for a PCP? Can I settle my PCP agreement early? FIND AND FINANCE YOUR NEXT VEHICLE THROUGH PCP What Is Hire Purchase (HP)? Hire Purchase is a way to finance buying a new or used car. You will normally pay an initial deposit and will pay off the entire value of the car in monthly instalments. When all the payments are made, the Hire Purchase agreement ends, and you own the car outright. What are the advantages of HP? What should you consider when opting for HP? Can I settle my HP agreement early? FIND AND FINANCE YOUR NEXT VEHICLE THROUGH HP Find your nearest dealership Simply enter your postcode below to find your nearest dealership: All VIEW LOCATIONS Join our journey Immerse yourself even deeper. Visit our social channels. ... Company Info Info Edgware Road, Colindale, United Kingdom, NW9 6NW Reg Office: The Hyde Edgware Road London NW9 6NW Reg. Company Number: 08048653 VAT Reg. No. 135279015 Legal Careers Site Map Terms & Conditions Modern Slavery Statement Privacy Policy Cookies Policy Data Preferences Financial Disclosure Endeavour Automotive Limited is authorised and regulated by the Financial Conduct Authority (FCA) for consumer credit activity (Limited Permissions) (Firm Reference Number 841360) and is an Appointed Representative of South Quays Limited who is authorised and regulated by the Financial Conduct Authority (FCA) for insurance distribution activity (Firm Reference Number 528881) Affiliations Endeavour Automotive Group are proud members of the following organisations: NetDirector ® - Automotive Ecommerce change cookie settings This site uses cookies and related technologies for site operation, analytics and third party advertising purposes as described in our Privacy and Data Processing Policy. You may choose to consent to our use of these technologies, or further manage your preferences. To opt-out of sharing with third parties information related to these technologies, select "Manage Settings" or submit a Do Not Sell My Personal Information request. MANAGE SETTINGS ACCEPT RECOMMENDED