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The monthly payments are not subject to VAT, however if you do take out the optional service package then you will have to pay VAT on the service costs.
PCP is ideal for any individual who would like options at the end of their finance agreement. PCP customers make an initial payment when they first take out the contract, then pay fixed monthly payments and finally have an Optional Final Payment (OFP) at the end at the end of the contract which is also referred to as the GFV (Guaranteed Future Value).
You can trade in or sell your vehicle at a dealership and take another vehicle from them. If the trade in value is larger than the OFP you will be able to use the difference towards a deposit on a new vehicle. Or, you can simply return the vehicle to the funder, as long as you have not exceeded the mileage and the vehicle is in an appropriate condition for its age there will be no charge. Finally, you can keep the vehicle either by paying the OFP in full or you will find that most companies offer the opportunity to re-finance the OFP.
* Please note: All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer. All offers are subject to change at any time and are subject to finance approval and vehicle availability. Failure to maintain payments may result in termination of your agreement and the vehicle being returned, this could effect your credit rating and make it more difficult to obtain credit in the future. All prices correct at time of publication.
T: 01656 334 334
F: 01656 644 555
My Big Green Fleet Ltd
39E Vale Business Park
My Big Green Fleet Ltd is authorised and regulated by the Financial Conduct Authority (FCA No 789240), whose permitted business is to act as Principal Firm for a network of Motor Dealer Appointed Representatives who act as Credit Brokers for introduction to finance providers, acting on behalf of the lender.
Registered in England & Wales with company number : 9004759 | Data Protection No : ZA099934 | VAT No : 186 6586 50
Registered Office : 39E Vale Business Park, Llanmdow Cowbridge CF71 7PF
Copyright © 2020 My Big Green Fleet Ltd, All rights reserved.