Car Finance
PCP
Lower monthly payments with an optional final payment to own the car outright.
PCP (Personal Contract Purchase) works by only financing part of the car's value over the term, with an optional final payment (sometimes called a balloon payment) if you want to keep the car.
This usually means lower monthly payments than HP for the same car.
At the end of the agreement you can pay the final payment to own the car, hand it back, or part-exchange it for something else.