Specialists in Car Finance
Branching away from dealer finance, or looking into specialised classic and supercar financing? Whatever your next dream car is, we can help fund your ambition.
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Our 5 Top Tips for Car Finance
We know that choosing the right finance for your dream car can be challenging. Here are our top five tips to help you make the best decision.
Read MoreSpecialists in Business Finance
Tailored commercial finance solutions to help businesses expand, invest, and manage cash flow with ease.
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Why Use a Commercial Finance Broker?
Whether you're seeking assets, expansion or managing cash flow, a business finance broker can make all the difference.
Read MoreAbout Charles & Dean
From fostering ambition and innovation to building lasting partnerships, we’re committed to leading in motor & commercial finance solutions.
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Tom Perkins Joins NACFB Board
An exciting milestone for Charles & Dean, Tom has recently been appointed as a Non-Executive Director of the National Association of Commercial Finance Brokers (NACFB).
Read MoreAt Charles & Dean, we specialise in Personal Contract Purchase (PCP) car finance – a flexible, affordable way to drive the car you love. Whether upgrading, exploring a performance model, or seeking affordability, we’ll guide you through the process.
Apply in 5 Minutes
Explore Multiple Lender Options
Competitive Rates
Connections with Trusted Dealerships
What is PCP?
Personal Contract Purchase (PCP) is a flexible and popular vehicle finance option that lets you pay for the car’s depreciation over the agreement term, rather than its full value, making monthly payments more affordable.
The journey begins with a deposit, typically ranging from 10% to 30% of the vehicle’s value. This upfront payment can reduce the amount you need to finance, helping lower your monthly payments.
Pay a fixed monthly amount over a term of 2–4 years. The payments are based on the car's expected depreciation, making them more affordable compared to other finance options.
At the end of the contract, you have three options:
1) Pay the final balloon payment to own the car
2) Return the car with no further obligations
3) Trade it in for a new model and start a new agreement
4) Refinance balloon position (subject to status)
Product Suitability
Personal Contract Purchase (PCP) offers a flexible way to drive your dream car with lower monthly payments and a range of end-of-term options. However, like any finance option, there are both benefits and drawbacks.
Here’s a breakdown to help you make an informed decision:
Lower Monthly Payments Pay less each month compared to other finance methods like Hire Purchase (HP).
Flexible End-of-Term Options Keep the car, return it, or upgrade to a new model - the choice is yours.
Equity Protection If the car's value falls below the balloon payment, you can return it to the lender after paying at least half of the total amount due.
Quick Process PCP agreements are straightforward, getting you on the road faster.
Higher Total Borrowing Cost Interest applies to the entire agreement, including the balloon payment.
Mileage and Condition Restrictions Exceeding limits or returning a poorly maintained car can lead to charges.
Balloon Payment Commitment If you want to keep the car, you'll need to make a significant final payment.
BMW M4 Competition
£43,000
We leverage strong relationships with a diverse panel of lenders to secure market-leading rates and flexible terms that align with your financial goals.
Our extensive market knowledge allows us to cross-reference offers, ensuring you receive a deal that suits your specific needs while considering both rates and overall product suitability.
We understand the value of unique vehicles, allowing us to offer financing with more accurate and often favourable residuals, providing additional financial benefits.
"I have frequent & direct contact with the C&D team. The team does vehicle funding for a living, so I trust them completely when I ask for bespoke advice regarding my future plans.
That customer relationship is something I value very much, which I’ve never had anywhere else."
Will
BMW M2
"From start to finish I couldn't be more pleased with how helpful Dean and Jack have been with arranging the finance for my new car.
Everything was perfectly explained and the process couldn't have been any smoother. I was very surprised with how quick everything was too.
I can't thank the C&D team enough for their faultless service!"
Nathan
Ford Fiesta ST
"An exquisite experience. Jack R and the Operations team made the transaction seamless from my original enquiry to picking up my new BMW just a few days later.
Very happy - thank you!"
Oliver
BMW M440d
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Read MoreUnlock competitive funding solutions with guidance and support from our specialist team. Fill out the form below, and we’ll be in touch to schedule a call.
