PCP

Definition : Personal Contract Purchase
Category : Business » Finance
Country/Region : Worldwide Worldwide
Popularity :
Type :
Initialism

What does PCP mean?

Personal Contract Purchase (PCP) is a type of car finance. In PCP the customer pays an initial deposit, followed by monthly installments. The monthly installments are only paying off only the depreciation of the car, and not its entire value, over the course of the term. At the end of the contract or finance term, the customer can return the car to the dealer or keep it by paying an optional final payment – sometimes called a balloon payment.

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We have found 24 more results for PCP
Worldwide PCP Primary Care Physician
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Portugal PCP Partido Comunista Português
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Pakistan PCP Pharmacy Council of Pakistan
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Canada PCP Primary Care Paramedic
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[Paraguayan Communist Party]
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Peru PCP Partido Comunista Peruano
[Peruvian Communist Party]
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[Proletarian Catalan Party]
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[Puerto Rican Communist Party]
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United States PCP Personal Choice Party
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