Your monthly payments will be lower on a PCP agreement than a Hire Purchase (HP) agreement or a Personal Loan, if you are borrowing the same amount, over the same term and at the same rate. This is because a significant amount that you repay is deferred into an optional final lump sum payment, helping keep earlier monthly costs low. You may end up paying more money overall.
A low monthly rate
With a great rate of 5.9% APR Representative when you borrow between £3,000 and £60,000, Flex Car Finance (PCP) makes it simple and affordable to drive the latest car.
When you choose PCP, we give you a guaranteed future value for your car. So if you keep it in good condition and within the agreed mileage limit, you can be sure that you have the option to return it at the end of the agreement with nothing more to pay.
Calculate your monthly payments before applying
Work out the finance amount, term and deposit that suits your budget.
Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Authorisation can be checked on the Financial Services Register at www.fca.org.uk. Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).
Lloyds Bank plc registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065