CUPRA PERSONAL CONTRACT PLAN (PCP) BENEFITS
Personal Contract Plan (PCP) is designed to give you maximum flexibility at the end of your contract, here's what you can expect:
Full Ownership or Long-Term Leasing?
Driving one of our new cars or used cars is easy. Choose your ideal payment plan and contract length – at the end, you can decide what to do next. Calculate costs, take advantage of finance and offers. Whether you're looking for electric and hybrid cars, CUPRA has everything you need. Try our PCP finance calculator to help you decide.
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FAQs
Who owns the car in financing?
With the Hire Purchase financing option, you become the rightful owner of the vehicle when you have paid all the fixed monthly instalments over the agreed contract period.
With the PCP option, should you wish to become the owner of the vehicle, you would then simply pay the optional balloon payment at the end of the term.
Is the interest rate on a car loan fixed throughout the term?
The interest rate for PCP and individual loans is set at the beginning of the contract term and remains the same over the entire period. Please contact your local retailer for more details on the laws and regulations.
How do I find out my monthly instalment for my dream car?
We suggest first visiting our CUPRA website and configuring your ideal car online. Usually, you will be provided with an estimated monthly repayment amount. If not, we then suggest contacting your local retailer with the details of your ideal CUPRA and they will gladly calculate the monthly installment for you, based on your exact requirements.
How can I lower the monthly instalment on my car loan?
PCP is a good option for you if you require increased flexibility and lower monthly payments. PCP defers some of the car’s price until the end of the contract. This can bring down the monthly cost compared to other types of finance.
What is balloon finance?
Balloon finance is when the finance agreement defers some of the car’s price until the end of the contract. This can bring down the monthly cost compared to other types of finance. Auto Credit is an example of balloon finance. It increases affordability for the customer and provides a purchase option at the end of the contract to own the car outright.
Can I trade in my current car for the deposit?
As a general rule, you can trade in your current vehicle and use the profit to pay part of the financing for your new vehicle, such as the down payment at the beginning of the contract period. Depending on your down payment amount, you can lower the monthly payments.
Ask your local CUPRA retailer about this option.
Can I configure my dream car however I want?
You can choose freely from the entire range of configurable options and models from CUPRA, creating your own personalised dream car.
What happens if I have an accident with my financed CUPRA?
Upon accident resulting in a total loss or theft, the optional CUPRA purchase price protection protects you, regardless of whether it is caused by a third-party or self-inflicted. The purchase price protection reimburses you for the difference between the original purchase price and the replacement value of the vehicle. If you have fully comprehensive insurance as part of the contract, the purchase price protection also covers the excess. Therefore, the purchase price protection provides you with peace of mind in the event of such a situation.
However please check with your local CUPRA retailer for a personalised insurance offer.
What options do I have with HIRE PURCHASE?
Hire Purchase is a financing option that allows you to own your CUPRA with simple, fixed monthly payments. Enjoy the CUPRA experience with fixed installments and become the owner at the end of the term.
What options do I have with PCP?
With the PCP financing option, you have 3 options at the end the agreement:
- Upgrade your vehicle
If you want to experience a new CUPRA, you can. Upgrade to a newer vehicle and start your PCP journey again.
- Keep the car
If you love your CUPRA enough to keep it, you can simply pay the final payment (balloon payment) You'll then take full ownership of the car.
- Return the car
If you don't want to update or keep the car, you can simply hand it back to us and settle any outstanding fees or charges (such as excess mileage or damage charges).