PCP Car Finance
- We say yes in 60 seconds
- Free vehicle history and valuation check
- All credit histories considered
No impact on your credit score
Zuto is a credit broker not a lender. Our rates start from 9.9% APR, representative 14.9% APR.
How Zuto works
Apply Online
Using our simple application form, we will need a few details to provide a personalised quote.
Compare PCP Finance
We’ll search our panel of lenders to find the best deal to suit your needs.
Choose your car
Whether you've already found a car or want to browse our verified dealers, we'll run a free vehicle and history check for you.
Drive Away
We’ll take care of everything with the lender and arrange payment to the dealer so all you need to do is collect the car.
Why choose Zuto
£0 Deposit Options
Many of our lenders offer zero deposit options to help spread the cost.
Providing car finance since 2006
Over 5.3 million customers have trusted Zuto.
Wide range of lenders
PCP & HP finance options available – we have a wide range of finance options available from 16 lenders.
Expert Advice
Our team of car finance experts provide advice and guidance throughout the whole car buying process.
Flexible Terms
We offer flexible finance options including repayment terms tailored to your individual circumstances.
Convenience
Our easy online application process means you can start the car finance process anywhere!
Frequently asked questions
Why choose PCP car finance?
PCP is a very popular car finance option for a few reasons:
- More value for your budget: Your budget can stretch further, meaning you can potentially buy a newer or more expensive car as the finance isn't covering the whole cost of the car, just the depreciation.
- Flexibility: At the end of the term, you can choose to buy the car, return it, or trade it in for a new one.
- Option to upgrade regularly: Easily switch to a new model at the end of the contract.
Do I need a deposit to be accepted?
No, a deposit could be beneficial but many lenders may still approve you without one.
Can I get PCP car finance if I have bad credit?
Yes, we can help people with a less-than-perfect credit history. You may find that you're not offered the great rates that someone with excellent credit history might get, but we may still be able to help you find a finance option to suit your circumstances.
What is PCP car finance?
PCP (Personal Contract Purchase) finance is a car financing option where you make monthly payments and have the option to buy the car, return it, or trade it in at the end of the term. PCP lets you loan a car and it is paid back in monthly instalments. Instead of paying off the entire value of the car, you pay for the depreciation (the difference between the car's price when new and its estimated value at the end of the agreement). At the end of the agreement, you then have the option to buy the car which is called a ‘balloon payment’, return it, or trade it in.
What if I don’t know how much I want to borrow?
Rest assured, when you enter your details in our application form, the amount you request is just a guide—you can adjust it later if needed. The amount you choose to borrow won’t affect whether you’re pre-approved. We partner with a wide range of lenders and will tailor a deal to suit your budget and ensure it remains affordable for you.
What's the difference between PCP & HP
While PCP and HP might both be types of car finance, there are some key differences to be aware of. When you purchase a used car on finance, one of the main things you should consider is whether you want to own the vehicle outright at the end of the agreement:
- Personal contract purchase: when you take out PCP finance, you agree to pay the depreciation of the car, plus interest over a fixed term. This means once your finance period has ended, you can either choose to return the car or pay a final balloon payment to cover the remaining value.
- Hire purchase: when you take out HP finance, you agree to repay the total value of the car, plus interest, over a fixed term. So once your finance period has ended, you’ve covered the complete cost of your vehicle and it’s yours to keep.
Is there any criteria for the car I want to finance?
Yes, when taking a car on PCP there are some requirements that you need to be aware of. Typically, PCP finance is aimed at newer cars or those with lower mileage, so you'll need to choose a car that is no more than 5 years old with less than 60,000 miles at the start of the finance.
Zuto is credit broker, not a lender. Zuto Limited is authorised and regulated by the Financial Conduct Authority, registration number 452589. All finance is subject to status and income.
Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required. Certain exclusions for NI residents. Zuto won't charge you anything for our service but we will receive a commission from the lender which varies based on the product, amount borrowed or your credit score. This doesn't affect the amount you pay. Written quotation on request.
Our rates start from 9.9% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £19,000 over 48 with a representative APR of 14.9% the amount payable would be £300 a month, with a total cost of credit of £9,567 and a total amount payable of £28,567 and an optional payment of £8,000.
