Content

personal contract purchase

Get a quote today

Personal contract purchase is by far the most popular way to for private individuals to purchase and finance a new vehicle with minimum initial outlay and heavily reduced monthly payments as a large portion of the cost is off set to the end of the contract. The individual is not liable for any of this residual value. However they may have the opportunity to purchase the vehicle for themselves or a family member.

The final optional payment is known as the 'guaranteed future value' (GFV) and is stated at the outset of the contract and is determined by the term and annual mileage. A maintenance package can also be included where a car is bought through personal contract purchase.

To recap, at the end of the term the individual has three options:

  • Hand the car back to the finance company at no expense to the user, however an excess mileage charge may be incurred if the stated mileage is exceeded.
  • Purchase the vehicle at the GFV value. We can also arrange a re financing package for the cost of this if required.
  • Use the vehicle as a part exchange as there is usually some equity between the GFV value and the part exchange value which in turn acts as a deposit on the replacement vehicle.

back to menu

CVC Direct provide car lease purchase in Belfast, Newtownabbey and Northern Ireland. We lease purchase BMW Audi Ford Volvo Vauxhall and many other makes. Both businesses and the public lease purchase cars from us in Belfast Bangor Newtownabbey and all areas of Northern Ireland. If you want to lease purchase a car, contact CVC Direct. Whether you are a business, company or member of the public, you can lease purchase a BMW Audi Ford Volvo Vauxhall Peugeot Citroen or Volkswagen. Our main car lease purchase markets are Belfast, Bangor, Newtownabbey, Glengormley, Derry, Londonderry, Antrim, Ballymena, Coleraine, Newry, Enniskillen, Armagh, Ballyclare, Cookstown, Omagh and Northern Ireland.

CVC Direct is a division of Carn Vehicle Contracts Ltd