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Personal Contract Purchase (PCP)
Personal Contract Purchase or PCP as it's sometimes known could be a good choice if you like to update your car regularly. Or you're looking for lower monthly payments than a Hire Purchase agreement.
Finance your next car with a Halifax Personal Contract Purchase agreement
Take a look at some of the features and benefits:
- 7.9% APR representative when you borrow between £7,000 and £25,000
- 1 - 4 year agreement terms available
- get a quote today with no credit searches
- borrowing from £3,000 to £60,000 available
- Once your application is agreed and you’ve signed the legal documents online, we transfer the finance amount direct to the dealership the same day.
Important information: to take car finance with us, you'll need to be aged 18 or over, a UK resident, hold a current account with us (min 3 months) and be registered for Online Banking.
When we transfer the finance amount directly to the dealership, we normally do this on the same day. The money could be in their account in a few hours. Payments made after 2.30pm will be received before 12pm the following day.
Is Personal Contract Purchase the right choice for me?
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Am I eligible? |
PCP features and benefits. |
Things to consider. |
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Am I eligible?
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PCP features and benefits.
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Things to consider.
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How does Halifax Car Finance work?
It's a simple and quick journey, whether you're just browsing, or you've found the car you want. Here's what you can expect.
Frequently asked questions about Personal Contract Purchase
Here's some helpful information based on the most frequently asked questions our customers have.
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If you’d like to speak to someone about your recent car finance application, we’re here to help.Call: 0333 202 7967
Lines are open:
- Monday to Friday, 8.30am – 6pm
- Saturday, 9am – 1pm
- Sunday and Bank Holidays, closed.
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There’s some restrictions depending on the make, model, age and mileage of the car. As part of your quote we’ll ask you to enter the details for the car you want to buy. You’ll get an immediate decision on if it’s possible to take car finance out.Please note: If you’re looking to finance commercial vehicles, vans, motorcycles, caravans or motorhomes, a personal loan may be more appropriate.
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We currently don’t offer a part exchange service as part of Halifax Car Finance. However, it may be possible to arrange a part-exchange directly with the dealership. If the dealership agree the part-exchange this would be reflected in the final price you agree with them for the new car. We would then pay the agreed amount directly to the dealership as normal. -
We work with the majority of car dealerships in the United Kingdom. During your car finance application you will be able to search by location or post code for your car dealership.If your car dealership is not available to choose from the list, don’t worry we can usually update it within 24 hours with the details you provide.
Please note: We are currently unable to offer car finance for the following dealerships; Cazoo, Cinch and Motorpoint.
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Unfortunately, we don’t allow cars to be registered in someone else’s name. The person applying for car finance will be the named registered keeper of the car. You’ll need to have a valid driving licence permitting you to use the car and be the main driver; including on your car insurance policy.If you’d like someone else to have use of your car, with your permission. They will need to hold a valid driving licence and be a named driver on your car insurance policy.
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Once you’ve agreed the sale with the car dealership, you’ll need to sign in to Online Banking. You’ll need to enter the bank details of the dealership and the final agreed amount to complete the finance agreement. Then sign the legal documents online.We will transfer the money directly to the dealership directly as soon as you've signed the legal documents.
It can take several hours for the money to be received. Payments made after 2.30pm will be with the dealership before 12pm the following day.
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We don’t currently offer a delivery service as part of our Car Finance. However, it may be possible to arrange this directly with the dealership as part of the sale. Depending on the dealership they may be able to offer you a contactless delivery service.