You’ve been asking – we’ve listened! Get all of your customers considered for used PCP car finance! We’ve got FIVE new credit tiers your customers can qualify for!
What is The Big 5?
The Big 5 PCP package connects used car dealers and their customers to one lender with five different PCP tiers based on the customer’s credit profile.
- Higher Customer Retention
- First Car Choice
- EV and Lifestyle Vehicles
- One Credit Search – FIVE Opportunities
HIGHER CUSTOMER RETENTION
Generally speaking, PCP customers tend to renew their vehicle on a PCP with the same dealer.
With the new tiered system, your customers will get access to credit that works with their budget and circumstances.
LUXURY OF FIRST CHOICE
Spending time on trying to find an alternative vehicle based on termed acceptances might now be a thing of the past!
SELL PCP TO MORE CUSTOMERS
Every used car buyer comes with a unique situation, and our TRIPLE NON-PRIME PCP options ensure everybody gets considered.
ONE CREDIT SEARCH - 5 OPPORTUNITIES
Increase your chances of selling by getting five opportunities for PCP with one credit search.
WIDER RANGE OF STOCK COVERED
You can offer PCP deals for electric vehicles and lifestyle vehicles like the Ford Ranger.
Get in touch to find out how you can offer non-prime PCP to your customers!
One credit search - five opportunities
Customer Preference Matters
Provide the best buying journey to all of your customers! People know what car they want to go for when visiting your dealership/website. Having to offer them an alternative because no PCP deals are available isn’t the best selling point in an already competitive industry. Well, used car dealerships now have a much higher chance of getting their customers accepted for PCP finance on their first choice of car, at the first point of contact.
HP vs. PCP
Is PCP better for used cars than HP? Not necessarily, but customers tend to prefer the option gives them the most affordable payment.
Here’s a quick HP vs. PCP comparison
HP vs. PCP
Split the full price of the car into a deposit and monthly payments
Customer owns the vehicle after the final payment has been made
Fixed Interest Rates
Pay off early option
Customer doesn’t have to finance the full value of the car
Tends to be lower monthly payments than HP depending on term length
Balloon payment to own vehicle at the end of the term
Offer lower monthly payments by counting the deposit and Guaranteed Minimum Future Value of the car towards the finance agreement
Frequently Asked Questions
We’re not saying that Personal Contract Purchase is better than Hire Purchase. The two are different finance options that can work well for your customers. However, PCP deals usually come with cheaper monthly payments so therefore are preferred by customers.
What lifestyle vehicles qualify for our PCP deals?
Ford Ranger, Mitsubishi L200, Nissan Navara, Toyota Hilux, Isuzu D-Max, Volkswagen Amarok, Mercedes X Class, Fiat Fullback, Ssangyong Musso
What does five-tier PCP deals mean?
It means that we’ve got all the packages under one roof and we’ll always endeavor to try and provide the most affordable payment to your customers. Now available with five-tiered packages of PCP and HP.