pcp explained

PCP Explained

Affordably spread the cost of your new Subaru

WHAT IS PCP?

With PCP you can keep your monthly payments low by deferring a significant proportion of the total amount of credit to the optional final payment at the end of the agreement.

PCP (Personal Contract Purchase) splits the cost of your chosen vehicle into 3 simple steps

WHAT ARE THE BENEFITS OF PCP?

Drive away a brand new car
Fixed Regular Payments
Your right to return the vehicle

Take control over the finance of your car with Personal Contract Purchase (PCP). Choose the agreement duration and annual mileage that suits your motoring needs and Subaru Finance will work out the predicted future value of your vehicle. This predicted future value (plus a £10 Purchase Fee) becomes your optional final repayment at the end of the agreement. Because you have deferred a significant proportion of the total amount of credit to the end of the agreement, this results in low monthly repayments, so you could drive away in a higher specification car.

You then pay fixed regular repayments over the agreement duration of your choice. Once you have paid all of the regular repayments you must then decide how you wish to proceed with the optional final repayment – see ‘THE CHOICE IS YOURS’ section below for the options available to you.

With Personal Contract Purchase, Subaru Finance guarantee the vehicle will be worth the optional final repayment amount at the end of the agreement, subject to the vehicle being in good condition (fair wear and tear accepted) and not having exceeded the maximum agreed mileage. Should you find that the vehicle is valued at a lesser amount than the optional final repayment, you may wish to hand the vehicle back to Subaru Finance. If you have exceeded the maximum agreed mileage or the vehicle is not in good condition (fair wear and tear accepted) further charges will apply.

THE CHOICE IS YOURS

Return & Part Exchange
Repay
Return the car

Part exchange the vehicle subject to settlement of your existing finance agreement; new finance agreements are subject to status.

Pay the optional final repayment to own the vehicle.

Return the vehicle and not pay the optional final repayment. If the vehicle is in good condition (fair wear and tear accepted) and has not exceeded the maximum agreed mileage you will have nothing further to pay. If the vehicle has exceeded the maximum agreed mileage a charge for excess mileage will apply.

Terms and Conditions:
Credit is available to UK residents aged 18 years and over, subject to status. Available at participating dealers only. For further details please contact your nearest Subaru dealership. Subaru Finance is a trading style of International Motors Finance Limited, registered office at Charterhall House, Charterhall Drive, Chester, Cheshire, CH88 3AN.