FAQ - Personal Contract Purchase

You choose the term that suits you - either 24, 30, 36, 42 or 48 months.

Personal Contract Purchase (PCP) offers you the opportunity at the end of the contract term to purchase the car for a value set when you place the order (referred to as the Optional Final Payment). Either that or you simply return the car, or renew your contract and choose a new car. You choose the term you would like – either 24, 30, 36, 42 or 48 months. The longer you sign up, the less you pay. Making an optional deposit will lower your monthly payment.

Depending on your specified mileage within a flexible range and the number of services you would like to add, you can match your Personal Contract Purchase (PCP) to your driving in order to maximise value. You can choose your mileage within a range of 6,000 to 30,000 miles annually (maximum 100,000 miles in total), with mileage amounts in 1,000-mile increments.

Your monthly fee will be based on a number of variables:

1. Contract length: The total cost of the Personal Contract Purchase (PCP) is distributed equally over monthly payments until the end of the contract. The longer you agree to commit, the more months you have to distribute the total cost.
2. Deposit: If you choose to place a deposit towards your Personal Contract Purchase (PCP), it will lower the amount which needs to be financed. Hence the larger the deposit, less is required to finance – lowering the monthly fee!
3. Decrease annual mileage: Your chosen mileage impacts the Optional Final Payment (the residual value of the car) – more mileage, lower residual value. The better the residual value, the lower the monthly fee.

You can sign up for a Personal Contract Purchase (PCP) online anytime, anywhere.

1. Order your car: Choose the model, colour and trim that suits your lifestyle, from saloons to SUVs. Choose either a ready-to-deliver car with quick delivery, or customise your own.
2. Choose your contract term - either 24, 30, 36, 42 or 48 months. Simply fill in your details to confirm your I.D. and credit eligibility, then register for your Driveaway insurance. Your agreement can be tailored to suit your driving and personal needs. 
3. Pay a deposit of £500. You will receive a deposit payment request which is to be paid before car is handed over.
4. Get your car: Choose a Volvo Specialist for pickup or select home delivery and we’ll let you know when your model will be ready. If you agree to make a deposit, you will need to pay this before you receive your car.
5. Hit the road: Enjoy driving your Volvo!

Applying for a Personal Contract Purchase (PCP) online is straightforward, normally taking just a few minutes. However, we encourage you to take the time to read all important information carefully. Should you require support, we have our New Car Sales team available to discuss or explain. Their opening hours are:
Monday–Friday: 9 am–7 pm Saturday: 9 am–5 pm Sunday: 10 am–4 pm

Yes, it is entirely your choice whether you would rather sign up online yourself, or receive assistance from a Volvo Specialist and sign up for your Personal Contract Purchase (PCP) at one of our participating retailers.

Your contract period begins as soon as you receive your car.