What is P.C.P? P.C.P. (Personal Contract Plan) is a finance package that is tailored to suit each individual to enable payments to be much lower on new vehicles and also protecting the future value of their new car from date of purchase to the day they decide to trade it in again. This product has really boosted confidence in the motoring industry in Ireland and really is worth a look if you are in the market for a new vehicle.
How does P.C.P work? You pay a deposit (usually by way of trading in/scrapping your old car, and deposit amounts can be as low as 10 per cent) and agree a finance package. That package lets you pay off an agreed amount of the value of the car, leaving your GMFV or guaranteed minimum future value. PCP’s neat trick is to guarantee the residual value of your car. This guaranteed minimum future value (GMFV) is designed to leave enough value in the car which can act as the deposit for your next purchase. At the end of the PCP agreement, you generally have three options: you can hand back the keys and walk away, debt-free (albeit also car and next deposit free); you can pay the final GMFV and keep the car or you can trade in the car against a new one.
“With the downturn hitting everyone in 2008/09 people were forced to hang on to their cars longer than they usually would have, which meant their cars were costing them more to maintain, tax, and fuel, not to mention the dreaded N.C.T. tests. The Barlo Motor Group €4,000 Scrappage offer means that customers can drive away in a new car with low monthly repayments, low tax and no deposit. Buying a brand new car has never been more affordable.” said Ivan Barlow, Director, Barlo Motor Group.
For more information on P.C.P finance or to find about the Barlo Motor Group €4000 Scrappage Offer call into any one of our dealerships in Clonmel, Thurles or Kilkenny or visit our group website www.barlomotorgroup.ie/scrappage The Barlo Motor Group €4000 Scrappage offer ends Saturday 28th March 2015. Don’t Miss Out!