PERSONAL CONTRACT PURCHASE
• Enjoy the thrill of driving a Jaguar with reduced fixed regular payments and the protection of a guaranteed future value of the vehicle equal to the final balloon payment.
• Ideal if you would like to change your car on a frequent basis and are not necessarily concerned about ultimate ownership. This plan allows you to drive a new car without having to pay for all of it, just pay for the part you use.
How it works:
• Choose your Jaguar, agree your annual mileage and your down payment amount as per the offers available.
• Your retailer will calculate the Guaranteed Minimum Future Value (GMFV) of the vehicle at the end of the agreement.
• The GMFV is set based on the predicted value of the vehicle at the end of the agreement, taking into account its age and estimated mileage. This then becomes the delayed final payment, which you pay if you choose to keep your Jaguar.
• The final payment and any down payment are deducted from the price of the vehicle and your regular monthly payments are based on the remaining balance plus the agreement interest.
• At the end of the agreement, choose from one of the following options:
• Renew – Purchase a new vehicle and use any excess value over the final payment towards a new down payment.
• Retain – Pay the final payment and purchase fee to keep the vehicle
• Return – the vehicle and not pay the Final Payment. Providing the vehicle is returned within the condition specified in the agreement terms and conditions and within the agreed mileage you will have nothing further to pay*.
• Fixed regular payments for easy budgeting
• Your regular repayments are reduced as part of the value is delayed to the end of the agreement
• The value of the vehicle at the end of the contract is guaranteed to at least equal that of the optional final payment, protecting you against any potential fall in used car values.
• With shorter terms you can be driving a new Jaguar more often.
• Flexibility on the down payment to suit your needs; and at the end of your agreement you choose which of the three options is right for you.
Terms and Conditions:
• *If the vehicle does not meet the mileage and condition terms excess charges will apply.
• PCP agreements are subject to status.
Contact a Sales Executive for more information on the options available.
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