With Personal Contract Plans (Land Rover PCP), you can take advantage of the high residual values of Land Rover vehicles to help keep your monthly payments lower by deferring a significant proportion of the amount of credit owed until the final payment. You also have a number of options at the end of the agreement.
1.Part-exchange – subject to settlement of your existing credit agreement, you can choose a new or used Land Rover from your Retailer and start a new finance agreement.
2.Return – hand back your vehicle without making your final payment. If the vehicle is in good condition and has not exceeded the allowed mileage, you will have nothing further to pay.
3.Retain – pay the Guaranteed Minimum Future Value (GMFV) as your final lump sum and the vehicle will be transferred into your name.
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