PCP vs HP
With PCP you pay off only the depreciation plus interest, then hand the car back, pay the balloon or part-exchange. HP spreads the whole price, so payments are higher but you own the car. Watch mileage limits and excess charges on PCP.
FAQ
Why are PCP payments lower than HP?
Because the balloon (GMFV) is deferred to the end.
Sources (checked 6 Nov 2026): FCA motor finance guidance.