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How Close PCP works

Close PCP is available to new or used vehicles up to 4 years old and accessible through all our dealer partners.

Pay the deposit

A minimum deposit of 10% of the vehicle price is required and the remaining cost of the vehicle is paid over the term of the agreement.

Fixed repayments

Monthly repayments are fixed during the agreement and spread equally throughout the term, including interest. The agreement is up to four years and a month (49 months).

Guaranteed minimum future value (GMFV)

We guarantee the minimum the vehicle will be worth at the end of the agreement, based on agreed annual mileage and maintenance of the vehicle. (If a customer drives more than the agreed annual mileage or the vehicle is damaged beyond our fair wear and tear standards, they may need to pay additional charges).

Note: the GMFV is calculated based on a % of the lower valuation of the car at inception or invoiced sale price.

Choose to own, return or exchange the vehicle

At the end of the agreement, customers can pay the completion fee of €75 and the Guaranteed Minimum Future Value (GMFV) to become the legal owner of the vehicle, hand it back and walk away, or part-exchange it for a new one.

Finance is secured against the vehicle

If a customer is unable to keep up with their payments, we may repossess the vehicle.

See how it works

Watch this introduction to PCP, see why customers might consider it as a finance option.
For more information contact our team at info.ie@closebrothers.com.

If your customers qualify for Close PCP

  • Close Brothers Motor Finance guarantee the minimum future value of the vehicle instead of you
  • Customer pays a minimum deposit of 10%  
  • Customer agrees monthly repayment amounts over the term of the agreement  
  • Customer will not own the vehicle until the final repayment is made
  • At the end of term, the customer will have three options: return the vehicle, arrange a new agreement for another vehicle or make a balloon payment to own the vehicle outright.

For our dealer partners

  • We'll de-risk your business by guaranteeing the minimum future value of the vehicle
  • Close PCP can be offered on your new and used stock up to 4 years old
  • It does not include Battery Electric Vehicles' (BEVs) or Light Commercial Vehicles (LCVs)
  • Your customers could benefit from lower fixed monthly repayments compared to Hire Purchase.

Over 650 dealers have partnered with us, taking advantage of our unique approach to motor finance and our capacity to say yes to more customers. We're always ready to welcome more dealers to our family.

Become a dealer

Check out our exclusive virtual showrooms