Our showrooms are open! You can also reserve or purchase any of our cars online from the comfort of your home. Click here to find out more.

PCP Finance Explained

A highly popular form of used car finance, you’ve no doubt heard of PCP before. Short for Personal Contract Purchase, PCP’s are highly popular thanks to the level of flexibility they can afford a consumer over a traditional Hire Purchase agreement.

When signing up to PCP finance plan you’ll most likely pay an initial deposit this is then subsequently followed by fixed monthly payments. However, you won’t automatically become the owner of the car when your finance term comes to an end. At this stage, you’ll most likely have three options:

  • You can pay the outstanding finance amount and own the vehicle
  • Part exchange the vehicle with SW Car Supermarket or SW Car Superstore and start another new agreement on a different vehicle.
  • Return the car to the finance company

The amount you pay over the course of a PCP term is dedicated by several factors. These include;

  • Deposit amount
  • Mileage
  • Cost of the used car
  • The agreement interest rate
  • The lenders predicted future value of the car at the completion of the finance term, also known as Guaranteed Minimum Future Value or GMFV.

Monthly payments on PCP will most likely be less than an HP deal, however, be aware that mileage limits apply. If you were to exceed the mileage stated in your term, expect to incur financial penalties.

If you are a careful driver that likes to take care of your car, you driver relatively low miles and like to frequently change your cars, say every three years, then a PCP finance plan for your next used car could well be the way forward.

Find Your Used Car Now!

PCP Finance Enquiry
We would love to stay in touch!
Communication from us might include, offers/latest news and new vehicle arrivals. We promise to never sell your data to any third parties. You can opt out of any communication from us by simply clicking 'unsubscribe' at the bottom of any emails.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Transport For London

Cars need to meet minimum emission standards when travelling in the Ultra Low Emission Zone (ULEZ) or the daily charge must be paid.

Minimum emission standards

Petrol: Euro 4
Diesel: Euro 6

The ULEZ will be enforced based on the declared emissions of the vehicle rather than the age. However:

Information from Transport For London

Check this car on the TFL website before purchasing: https://tfl.gov.uk/modes/driving/ultra-low-emission-zone/vrm-checker-ulez

SW Car Supermarket

To save timely negotiation all our cars are heavily discounted upfront and offered nearer cost price, saving customers up to £2000 when compared to our competition. This ensures we are treating every customer the same. This fee is a compulsory fee and applies to all customers.

Variable admin fee is charged as listed below:

  1. Retail customers pay £199.
  2. Repeat customers purchasing a 2nd car within 12 months of the original invoice date £0.
  3. Retail customers arranging finance using brokers outside of our immediate panel of lenders £399.
  4. Trade customers making a purchase as the motor trade £499.
  5. Export customers including Northern Ireland and the Republic of Ireland £499.
SW Car Supermarket

Reserve any of our vehicles for just £200. Make the most of the lockdown and secure the car you love before anyone else.

We'll Deliver!

Our delivery service is completely contactless, no need to leave the house, no need for face-to-face contact. Simply find your car online and have it delivered to your door.

Click & Collect

Buy your car online and collect it from our showroom. If you choose to collect your car we will only allow one person into our showroom at a time and we will abide by all social distancing measures.