The monthly payments are not subject to VAT, however if you do take out the optional service package then you will have to pay VAT on the service costs.
PCP is ideal for any individual who would like options at the end of their finance agreement. PCP customers make an initial payment when they first take out the contract, then pay fixed monthly payments and finally have an Optional Final Payment (OFP) at the end at the end of the contract which is also referred to as the GFV (Guaranteed Future Value).
You can trade-in your vehicle at a dealership and take another vehicle from them. If the trade-in value is larger than the OFP you will be able to use the difference towards a deposit on a new vehicle. Or, you can simply return the vehicle to the funder, as long as you have not exceeded the mileage and the vehicle is in an appropriate condition for its age there will be no charge. Finally, you can keep the vehicle either by paying the OFP in full or you will find that most companies offer the opportunity to re-finance the OFP.
Smart Vehicle Options
64-70 Manningham Lane
Registered Office : Smart Vehicle Options Ltd, 64-70 Manningham Lane, Bentley House, 1st Floor, Bradford, West Yorkshire
Company Reg No : 9027448 | Data Protection No : ZA060915 | VAT No : 249018601 |
Smart Vehicle Options is authorised and regulated by the Financial Conduct Authority. Registered No : 717369.
Smart Vehicle Options are a credit broker and not a lender
Making the road your catwalk...
We accept all major credit and debit cards
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