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PCP.
Personal Contract Purchase has been developed
to offer an option for employees who wish
to replace their company car to avoid personal
taxation liabilities. |
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This
funding method is similar to Hire Purchase
but has a residual value incorporated into
the profile to reduce regular monthly payments
to a figure compatible with cash flow and
budget. |
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This
funding option is specifically designed for
business users. After an initial payment,
a fixed number of further rentals are made
over the duration of the agreement. |
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