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.
* At Cars And Vansdirect we work with Manufacturers, Dealer Groups and the key finance partners to bring you some of the most competitive leasing deals available. We can include your maintenance in the rentals, and provide you with insurance through our trusted partners. We can also provide cars on PCP, HP and finance lease packages as well as contract hire and PCH. Our friendly professional leasing consultants are here to help you through every step, from your first enquiry through to arranging your delivery. You can drive a new car for less than you think! 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.
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mynewcar@carsandvansdirect.com
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Newport
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