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Arrive at the dealership knowing what your monthly payment
will be. Simply pick out the vehicle you like and then fill-in
and sign the PowerCheck over to the dealer. Negotiate the
price - not the financing Loan decision in minutes PowerCheck
arrives as soon as the next day No down payment - No application
fees - No prepayment penalties
You find the vehicle you want in the classifieds or from a
private seller - no dealer... no problem. Use your PowerCheck
just like a personal check to pay for the vehicle. Person-to-person
financing (a non-dealer transaction) Loan decision in minutes
PowerCheck arrives as soon as the next day No down payment
- No application fees - No prepayment penalties.
Personal Contract Purchase plan provides the benefits of driving
a higher specification vehicle for a lower monthly payment.
Unlike the traditional purchase plan, this is achieved by
deferring a percentage of the total cost of the vehicle to
the end of the contract. This percentage is known as the Minimum
Guaranteed Future Value (MGFV) and is the key difference between
PCP and traditional forms of financing. The MGFV plus your
deposit is subtracted from the selling price of the vehicle
and your monthly payments are based on the balance (plus interest
on the balance and the MGFV). Effectively, you will make lower
payments than traditional financing simply because you are
only funding the depreciation.
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