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Personal Contract Purchase (PCP)

West Midland Vehicles the personal contract purchase (PCP) specialists

Personal Contract Purchase (PCP) offers many of the 'no risk' advantages of Contract Hire, coupled with an optional service and maintenance package. Personal Contract Purchase (PCP) also enables the vehicle to be purchased at the end of the agreement for a guaranteed price.

The vehicle is registered in the Lessor's name and will therefore appear on the company balance sheet as an asset. Writing Down allowances can be claimed. VAT is charged only on the servicing element of the monthly payment.

Making the best personal contract purchase (PCP) choice

Giving you the flexibility to meet your individual personal contract purchase (PCP) needs, Westmid offers a number of options at the end of your Contract purchase term.

You will need to decide whether you wish to purchase your current company vehicle, or dispose of it.

To help you better understand how Contract purchase works and what to do at the end of your contract please take a look at this diagram.

If you are considering changing your vehicle, you may wish to take a look at the other funding options offered.

Westmid is ready to accept your decision and offer you any advice you may need to ensure that your are making the best personal choice. Please contact us or complete an online enquiry form.

You can view our comparison chart to weigh up the different options available.