When deciding which finance agreement to go for it’s worth thinking about what will happen after it ends. At the end of many finance agreements, there is the option to purchase your vehicle. This can be done through an MGFV (Minimum Guaranteed Future Value)or balloon payment, or through a contract purchase. We understand that this can be quite confusing so we’re going to talk you through the three most common finance agreements and what they offer in terms of purchasing your lease vehicle at the end of the contract. A Personal Contract Purchase (PCP) is designed to give a customer more flexibility at the end of their contract. There are 3 options with a personal contract purchase and those are...
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