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Honda Finance offers flexible Personal Conract Purchase options for our clients. Personal Contract Purchase (PCP) is for you, if: You want to pay a deposit and have lower monthly payments. You want flexibilty to exchange, return or buy your car at the end of your agreement. You'd like to avoid potential maintenance costs of an ageing car. Here how PCP for a Honda car works: You decide on the model and how much deposit you want to pay. You tell us your annual mileage, and we calculate your car's Guaranteed Minimum Future Value (GMFV). We deduct this GMFV from the price of the car, and your monthly payments are calculated on the balance that’s left (after the deposit is paid and interest has been calculated). Once you've paid all your monthly payments, you have three choices: Pay the GMFV and keep your Honda. Return your Honda at no extra charge. Part exchange your Honda for a new one. Give us a thumbs up if you liked about personal contract purchase for a car and what options Honda Finance offers to its clients. And make sure to subscribe to the channel for more videos about Honda! #HondaUK #HondaFinance #HondaCar