Personal Contract Purchase, also known as PCP, enables the individual, rather than the organisation, to lease a vehicle over a set period of time and with fixed monthly costs.
This type of scheme means there is no Benefit In Kind taxation to pay and the driver has a greater level of choice, as they can trade up or down from their current company car level and pay more or less per month as appropriate.
The employer can benefit from a reduction in the gross cost of providing drivers with a vehicle. However this is strongly influenced by the make up of the fleet and in particular the number of business miles conducted by a driver. Generally speaking, drivers need to be in the 10,000+ business miles bracket for this to be an effective choice.
To find out whether you should offer a Personal Contract Purchase scheme, call us now on 0845 1084521 and we can help you make the decision that’s right for you.
The service at AVC was really second to none and nothing was too much trouble
4th December 2017
Adam at Advanced Vehicle Contracts was there every step of the way for us in the purchase of our new school Minibus, the service was really second to none and nothing was too much trouble. We now have a beautiful Minibus ready to take our children out to lots of exciting places!
AVC are clear speaking experts that helped me make the right choice.
7th August 2015
I had never considered leasing a car before but Matt clearly has a lot of expertise and patience and his response times to questions along the way have been brilliant. He assures me that it is all part of the service that AVC provide. It has been a simple and painless process. I wouldn’t hesitate to recommend Matt and the team at AVC if you are looking at updating or changing your vehicle.
AVC offer a level of personal service that is hard to beat
7th August 2015
“AVC offer a level of personal service that is hard to beat.”
AVC helped me find the right vehicle at the right price
15th July 2015
“AVC helped me find the right vehicle at the right price.”
