What distinguishes PCP from rental purchase (HP) is that your monthly payments pay the depreciation of the car and not its total value over the lifetime. Then, if you are at the end of your agreement, there is a final balloon payment that must be made if you want to keep the car. Balloon payment is often referred to as Guaranteed Future Value (GFV). It is similar to a rental contract because you usually make a first count, followed by monthly payments over a period generally between 18 and 48 months. In the case of a rental agreement, it is possible to reimburse it prematurely through billing fees. A transaction fee covers the cost of any outstanding payments remaining and interest payments that remain on the contract. Once the billing fee is paid, take charge of full ownership of the car at an early stage. We are unable to transfer agreements on behalf of another person, regardless of their relationship with you. There are, however, a few circumstances in which we would consider doing so, for example. B transfers between two limited liability companies. Personal Contract Purchase (PCP) is a financial product that allows you to buy a new or used car. Download the following forms and send us to update your registration, notify us of a name change or designate a third party acting on your behalf in relation to your financial account.
Adobe Acrobat Reader Your first payment due date is displayed in your agreement. If you have selected your vehicle, take note of your annual mileage and decide with one of our business managers on the duration of the contract. No no. As your expected annual mileage is part of the optional final payment calculation, it is not possible to change it during the contract. We require, for your protection and our protection, that your car be fully insured at all times. In the event of an accident, you must file a right with your insurer. Please note that you must continue to pay normal monthly payments until your rights are established. You remain responsible for any difference between the insurer`s settlement amount and the outstanding balance in your financing contract. At the end of the agreement, we identify the future minimum guaranteed value (GMFV) of the vehicle and develop a count and a monthly amount that works for you. Our standard purchase fee is £10, but if your current contract is 0% APR, there is no purchase fee to pay at the end of your contract.
If you use this service publicly, make sure you do not disclose personal data to your fellow human beings. The sessions are interrupted after 3 minutes of inactivity to ensure the protection of your personal data. This service can only be used by the signatory of the treaty. The annual mileage On your agreement, it was agreed at the beginning of the financing agreement, in accordance with your requirements. Your optional balance is the expected future value of your car, provided that the mileage and condition are as agreed when you signed your agreement. If you exceed this agreed mileage, the additional charges for the excess kilometers indicated in your agreement will be charged. Click here to order a copy of your financing contract if your original has been lost. One size is not suitable for everyone – this is true for vehicles and payment plans. You have a number of ways to finance your Ford. Find the one that best suits you and your needs by clicking on the table below. You can also view the contract details by logging into your Ford Credit account.
Otherwise, click here to order a copy of your financing agreement if you can`t find your original. You have 14 days to terminate a regulated financing contract, from the date you received confirmation that the contract has been performed by us. . . .