What are the benefits of taking out a personal contract?
Few car leases offer the same superb range of options as a personal contract car lease. A Personal Contract Purchase Plan (PCP) will suit all kinds of drivers thanks to its flexibility. This plan is a fantastic option for cash-strapped motorists who don't have the capital to purchase their car outright and who need a manageable means of paying for their car without being committed to ownership. Rather than being tied to buying the car at the closure of your contract, you have the option to hand the car back to the leasing company. The costs of owning a car can be unmanageable for many motorists, but paying off low monthly deposits with a personal contract arrangement can make the prospect of owning a car far easier. Getting a personal contract is very convenient as your monthly payments are at fixed rates so you can manage your money each month and set aside the right amount for car expenses. If you reach the end of your car lease and feel like a change, you have the option of swapping to a different agreement plan or changing your vehicle. The selection available as part of a personal contract is incredible; you can choose from new and second-hand cars and a number of financing options. The general term of agreement lasts for up to three years, but a two year personal contract arrangement is just as popular. Part exchange is an option if you fancy a newer model when your lease is up or you can agree to pay the Guaranteed Future Value on your car in order to own the vehicle outright. The Guaranteed Future Value of your vehicle takes into account the estimated value of the car at the end of your lease contract and is determined at the beginning of your deal.