The monthly payments are not subject to VAT, however if you do take out the optional service package then you will have to pay VAT on the service costs.
PCP is ideal for any individual who would like options at the end of their finance agreement. PCP customers make an initial payment when they first take out the contract, then pay fixed monthly payments and finally have an Optional Final Payment (OFP) at the end at the end of the contract which is also referred to as the GFV (Guaranteed Future Value).
You can trade in or sell your vehicle at a dealership and take another vehicle from them. If the trade in value is larger than the OFP you will be able to use the difference towards a deposit on a new vehicle. Or, you can simply return the vehicle to the funder, as long as you have not exceeded the mileage and the vehicle is in an appropriate condition for its age there will be no charge. Finally, you can keep the vehicle either by paying the OFP in full or you will find that most companies offer the opportunity to re-finance the OFP.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
T: 0330 124 1241
E: snowsleasing@snows.co.uk
Snows Leasing
Snows
Third Avenue
Millbrook
Southampton
SO15 0LD
Snows Leasing are a credit broker and not a lender, we are authorised and regulated by the Financial Conduct Authority. Registered No : 685889. We can introduce to a limited number of finance providers who may then pay us for the introduction.
Registered in England with company number : 1318267 | Data Protection No : Z7519581 | VAT No : GB 750 1062 76
Registered Office : Snows House, Second Avenue, Millbrook, Southampton, SO15 0RD
All calls may be recorded for training and security purposes.
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