PCP for Used Cars

Non-Prime PCP

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 customer’s credit profile. 

 

Quick Recap:

  • Higher Customer Retention
  • First Car Choice
  • EV and Lifestyle Vehicles
  • One Credit Search – FIVE Opportunities

 

Benefits

Higher Customer Retention

Generally speaking, PCP customers tend to renew their vehicle on a PCP with the same dealer.  

Sell PCP to More Cusomers

Every used car buyer comes with a unique situation, and our TRIPLE NON-PRIME PCP options ensure everybody gets considered. 

Affordability

With the new  tiered system, your customers will get access to credit that works with their budget and circumstances.

One CREDIT SEARCH - 5 OPPORTUNITIES

Increase your chances of selling by getting five opportunities for PCP with one credit search.

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!

Wider Range of Stock Covered

You can offer PCP deals for electric vehicles and lifestyle vehicles like the Ford Ranger.

Get Connected

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

Hire Purchase

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

PCP

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

Why is PCP better than HP?

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.

Oliver Kaye
Oliver Kaye
27. October, 2020.
Verified
One of the best decisions we ever made was using connected. We have just recently started using Connected car finance a few months ago. And have already completed quite a few finance deals with them. They're a pleasure to work with, especially our account manger Tim. They always find the best deals possible for both dealer and customer. It's always a smooth operation from start to finish. Any small issues or questions you have are resolved and answered quickly and efficiently. I would most definitely recommend Connected Car finance to anyone looking for great prime and sub prime finance deals!!
A P Hynes cars
A P Hynes cars
20. October, 2020.
Verified
Great firm to work with, offering a good range of finance options for our customers. Our account manager Theo is always willing and on hand if we need anything.
Tracie Strong
Tracie Strong
16. October, 2020.
Verified
Amazing team very understanding really happy with the support of connected car finance
Colin watson
Colin watson
16. October, 2020.
Verified
Thanks Jason for helping us get the car we wanted, service was second to none, very helpful and commited to help, we thoroughly recommend Connected Car Finance
James Bristow
James Bristow
14. October, 2020.
Verified
Well organised company and an absolute pleasure to deal with. Theo Bowers who is our account manager there is very responsive to calls and messages and is great to work with.
itztommy _mcfc
itztommy _mcfc
14. October, 2020.
Verified
Great service from this finance company especially from Theo Bowers during this pandemic (Covid-19) period, he was very helpful and always there when we required any assistance. Would highly recommend Connected Finance and the employees working at this company!
Gwent Car Sales Ltd
Gwent Car Sales Ltd
13. October, 2020.
Verified
Have been using Connected Car Finance now for a few years, started off as our 2nd go to finance company where others had failed us, but has now become our 1st. They manage to get great deals and rates for our customers good or bad credit. Luke our rep goes above and beyond and the rest of the team back at the offices are equally just as great and efficient. Plus.... we do enjoy them pizza's that they treat us with!
Rajievan Brahatheesan
Rajievan Brahatheesan
13. October, 2020.
Verified
I started using Connected Car Finance in September last year, found that they were professional, speedy and most of all had the customers interest in mind when dealing with any deals that I gave them. Really impressed with the internal team and the way that they communicate deals to customers and most of all my rep, Zac, who is always at the end of the phone should I need him. I would definitely recommend using Connected Car Finance as your finance broker if you haven't already signed up with them! - Raj @ Unicorn Automobiles, Teynham, Kent.
FTR 1207
FTR 1207
9. October, 2020.
Verified
Excellent from start to finish. Would recommend.