Kia personal contract purchase (PCP)

Kia personal contract purchase (PCP)&quality=50

PCP

Personal Contract Purchase or PCP, is a flexible and popular plan that provides you with the option to change your car on a regular basis

How does it work?

  • At the start of the agreement we’ll set an optional final payment for your car, this will be based upon your chosen agreement term and approximate annual mileage
  • You pay a deposit and then make monthly repayments based on the outstanding loan balance less the optional final payment
  • At the end of the monthly repayment period you’ll have three options: see below
1

RETAIN:

Pay the optional final payment and take ownership of the car.

2

RETURN:

Hand back the car with nothing to pay.

(subject to mileage and fair wear and tear)

3

RENEW:

Part exchange the car and use any equity as a deposit on your next car

(if any available, which cannot be guaranteed)

See more

What else do I need to know?

  • Typical repayment periods are over 25 or 37 months
  • The optional final payment is based on your repayment period and mileage. This can be set from 6,000 to 30,000 miles per annum
  • The car can be up to 47 months old and 50,000 miles at the start of the agreement and must not exceed 84 months / 100,000 miles at the end of the agreement
  • A maximum of 50% deposit is allowed and the minimum loan amount is £3,000
  • You will not own the vehicle until all monthly repayments are made, including the optional final payment.

Download your copy of this option

More on PCP

Watch a short video explaining how Personal Contract Purchase works:

Play Finanace Video

We may choose to offer you an alternative product as part of our underwriting conditions which may include a Fixed Sum Loan with OFP. Your dealer will make you aware of this after your application for finance has been received and assessed by us

Find out more

Kia Conditional Sale

Kia Conditional Sale&quality=50

CONDITIONAL SALE

Conditional Sale is a simple and traditional way to finance your car over a fixed period for a fixed monthly amount

How does it work?

  • You pay a deposit then make regular monthly repayments to repay the balance, it’s that simple
  • As your interest rate is fixed you’ll know exactly how much you’ll repay at the outset of the agreement
  • Only once all monthly repayments have been made will you own the car.

See more

What else do I need to know?

  • The minimum loan amount is £3,000. Repayment periods can vary from 12-60 months, with a minimum deposit requirement of 0% (criteria may vary dependant on campaign programmes)
  • The car must not be more than 14 years old at the end of the agreement period.

Download your copy of this option

More on Conditional Sale?

Watch a short video explaining how Conditional Sale works:

Play Finanace Video

We may choose to offer you an alternative product as part of our underwriting conditions which may include a Fixed Sum Loan. Your dealer will make you aware of this after your application for finance has been received and assessed by us.

Find out more