Q&A Special: PCP Finance - What happens at the end of the PCP deal?

Q: What happens at the end of the PCP agreement?

A: When the loan period comes to an end you'll have three choices. Hand back the car with nothing more to pay – but nothing to show for months of regular payments. Or make the final payment (often referred to as a balloon payment) to take full ownership of the car. The third option is to use the car as a deposit against a new one and start a new agreement.