What are the advantages of Personal Contract Purchase (PCP) finance?

Ideal for customers with a good credit record, PCP finance can prove to be a more affordable option when it comes to owning a newer vehicle. The main advantage is that the agreement includes a final 'balloon payment' option which means the monthly repayments are generally lower compared to other finance solutions. PCP finance also allows you to buy the vehicle at the end of the term, upgrade the car, or hand it back in order to start a new contract. Read the Octane Finance guide to Personal Contract Purchase to get started.