Volvo Personal Contract Purchase

Personal Contract Purchase (PCP) is a flexible form of conditional sale loan where some of the cost is deferred until the end of the agreement.

The benefits of this is lower monthly payments. The deferred amount is known as the Optional Final Payment and is sometimes referred to as the Guaranteed Future Value (GFV). At the end of the agreement you have three options: Retain the vehicle, Return the vehicle, Renew the vehicle.

How does PCP work?

You will agree an estimated annual mileage and term. This will be in order to generate the Optional Final Payment.

You agree on the amount of deposit, and this figure combined with the agreement duration and Optional Final Payment will determine the amount of your monthly payment.

You sign the agreement, pay the deposit and then make the monthly payments.

At the end of the agreement we’ll write to remind you of the three available options.

You decide which option is best for you.

PCP Features & Benefits

A fixed monthly payment, allowing you to budget with confidence.

Potentially lower payments than the Volvo Loan agreement.

A variety of options are available at the end of the agreement.

You can match the length of your agreement with the time you want to keep the vehicle.

Contact us

For further help and guidance please contact a member of our team.

TMS Volvo Coventry: 02476 303132 | TMS Volvo Hinckley: 01455 632478 | TMS Volvo Leicester: 0116 2758800