HP vs PCP

HP vs PCP

Hire Purchase (HP) Personal contract purchase (PCP)
Requires initial deposit Optional Optional
Car is yours at the end of the agreement
Optional
Fixed monthly payments
Avoid (final) balloon payment
Avoid excess mileage charge
Secured against an asset (e.g. a car)
Support with vehicle issues
There is no right or wrong option to choose, it is simply about selecting the best product for your situation. At CarFinanceGenie, it is our aim to give you everything you need to make an informed decision.