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Understanding these terms can help you feel more confident, negotiate better, and ultimately drive away with a great deal. For example, if there’s a £1,000 deposit contribution, that amount goes toward your downpayment, reducing what you need to put down yourself. Book inspection 1.
Personal Contract Purchase (PCP) PCP is a popular financing option because it often comes with lower monthly payments. You pay a deposit, followed by smaller monthly payments, and at the end of the contract, you have three options: pay a final balloonpayment to keep the car, return it, or trade it in for another.
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