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Personal Contract Purchase

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In the U.K., a lease financing arrangement between an individual and the leasing company, typically used for employees of companies who receive a monthly car allowance as part of their remuneration package.

With a PCP, the individual finances the chosen vehicle over an agreed lease term. The monthly payments of a PCP are lower than in traditional financing arrangements because the amount amortized is the difference between the vehicle's original value and its Minimum Guaranteed Future Value (MGFV), essentially a projection of the vehicle's residual value.

At the end of the agreed term, the individual can choose to return the vehicle to the leasing company with no further responsibility except for minimum condition standards and allowable mileage, to resell the vehicle with the individual credited with any sale price excess over the MGFV, or the individual may purchase the vehicle at its MGFV.

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Executive Vice President of eDriving

Ed Dubens

Executive Vice President of eDriving

https://www.edriving.com/fleet/products-and-services/
Vice President

Tom Coffey

Vice President

http://www.merchantsfleetmanagement.com/
Vice President of Product Management, Verizon Connect

Erin Cave from Verizon Connect

Vice President of Product Management, Verizon Connect

http://www.fleetmatics.com/
Senior Vice President and General Manager

Bernie Kanavagh from WEX

Senior Vice President and General Manager

https://www.wexinc.com