PCP from Mach Vehicle & Finance Ltd.
 
Personal Contract Purchase
Personal Contract Purchase (PCP) offers choice to employees who receive a cash alternative to a company car. We can also provide you with a company wide PCP scheme available to all staff. PCP allows staff to drive away a brand new car with a range of repayment schedules that we can tailor to suit their precise needs.

 

PCP explained
PCP is a method of purchasing a new car where the monthly repayments are significantly less than a typical unsecured personal loan.

 

How it works
Our PCP offers complete flexibility. First of all your employee chooses a vehicle and calculates their typical annual mileage. This determines what the value of the vehicle will be at the end of the contract. This is known as the Guaranteed Future Value. The monthly repayments take the Guaranteed Future Value into account and the customer pays for the use of the vehicle over the contract period.

 

At the end of the agreed contract period the vehicle can be handed back or the employee can buy the vehicle outright by paying the Guaranteed Future Value. Either way, they are free to start a new PCP for their next vehicle.

 

Complete cover
We offer comprehensive maintenance cover and include this with the monthly payment. The maintenance package covers regular servicing, as well as the replacement of wear and tear items such as brakes, tyres and exhausts. This allows budgeting for virtually all motoring expenditure for the duration of the contract.

 

It all adds up to real peace of mind
The Personal Contract Purchase scheme offers an opportunity for employees to enjoy truly affordable motoring. There are no nasty surprises, no unexpected bills, just carefree motoring.

 

Buying a new car has never been easier or more convenient. There's no need for you or your employees to worry about showrooms and car salespeople. Mach Vehicle & Finance Ltd. will do all the work. Your employee simply chooses the make and model they want and we deliver it to their door.

Credit facilities are subject to status and are only available where personal lending is involved to UK residents aged 18 and over. Full details and written quotations available on request.

* Any tax benefits depend on your tax position, on which you should take specialist advice.

 

Mach Vehicle & Finance Ltd.

Personal Contract Purchase Q&A

Q: Are there any hidden costs?

Q: What happens at the end of the agreement?

Q: Can agreements be ended early?

Q: What happens if the agreed mileage is exceeded or the vehicle is damaged when it is returned?

Q: Can payments be protected against redundancy and loss of life?

Q: Is this benefit open to my family and friends?

 

 
Mach Vehicle & Finance Ltd, 12 High St, Madeley, Telford, TF7 5AQ.
Telephone: +44 (0)1952 277700 Fax: +44 (0)1952 277703
Email: email@mach-group.com
 

© Mach Vehicle & Finance Ltd. 2003

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