Understand your existing PCP agreement before you decide what to do next.
Drive On helps you understand your agreement, timing, settlement position and vehicle-change context in plain English.
Your journey
Where are you in your PCP journey?
PCP decisions usually become clearer when you look at them as a journey, not a deadline.
You have a PCP agreement
Your agreement sets out the payment term, mileage, final payment, and the rules you need to work with.
Your regular agreement payments are underway
This is the time to keep an eye on mileage, car condition, and how long is left.
Your agreement end date gets closer
The last year can arrive quickly. Planning early gives you more room to compare routes.
You check your settlement / equity position
A recent settlement figure helps you understand the current agreement context before you discuss valuation, disposal or part exchange.
You decide whether to keep, return, or change the car
Your route depends on your agreement, mileage, condition, settlement figure, provider rules and personal circumstances.
Your choices
Your three main routes
These are common routes customers consider. The right answer depends on your agreement, mileage, condition, settlement figure, provider rules and personal circumstances.
Keep the car
If ownership is the right fit, you may be able to pay the final balloon payment and keep the vehicle.
Hand it back
You may be able to return the car under your agreement terms, subject to mileage, condition, and provider checks.
Change to another car
A current settlement figure can help you understand part exchange, early change, or waiting until later.
Thinking about changing before the agreement ends? Read our guide to changing your PCP car early.
Did you know?
The 50% point many people do not know about
In many regulated UK PCP agreements, customers may have a right to voluntary termination after paying at least 50% of the total amount payable.
This is not always the same as being halfway through the agreement.
Customers must check their own agreement and obtain appropriate independent advice before making contractual or financial decisions.
Settlement and value
Equity, explained simply
Equity is the gap between what the car may be worth and the settlement figure from your current PCP provider.
Plan ahead
Why planning early helps
Looking 6-24 months ahead gives you more time to understand the numbers, your agreement terms and your vehicle-change context.
- Understand your agreement end date
- Track your mileage before it becomes a problem
- Estimate whether equity may build
- Avoid last-minute decisions
- Give yourself time to understand replacement-vehicle options
- Help dealers value future opportunities
What details will we need?
A few clear details help Drive On understand your timing, car and existing agreement context. No customer account needed.
- Vehicle registration
- Make/model/year
- Mileage
- PCP provider
- Balloon/final payment if known
- Agreement end date
- Settlement figure if known
- Basic contact details
Trust and clarity
This is general information only. It is not legal, financial or regulated advice. Agreement terms and personal circumstances vary, so you should check your own PCP agreement and obtain appropriate independent advice before making contractual or financial decisions.
Ready to understand your options?
Share the key details once so participating dealers can discuss valuation, part-exchange or replacement-vehicle requirements.