Business Contract Purchase

What is a Business Contract Purchase Agreement?

Designed specifically for businesses, Business Contract Purchase (BCP) agreements allow you to spread the cost of a purchase. You reserve your vehicle and pay a deposit upfront, then, you’ll pay monthly instalments throughout the agreement.

You’ll defer part of the cost to the end of the agreement, known as a balloon payment (or the Guaranteed Future Value (GFV), also known as optional final payment). This approach offers the flexibility of multiple options at the end of your agreement. With BCP, there’s no need to commit to purchasing the vehicle upfront. Instead, you can decide at the end of the term, selecting the option that best suits your circumstances.

Features & Benefits of a BCP Finance Agreement with Stellantis Financial Services:

• Multiple options at the end of your agreement.
• Fixed monthly payments, allowing you to budget with confidence.
• Agreed annual mileage limits to help set your monthly payment depending on your business needs.
• No need to worry about future resale value thanks to a GFV.
• Roadside assistance is included as standard with all new BCP agreements.
• Option to purchase your BCP van at the end of your agreement term.

To find out more about vans available on BCP, you can find and visit an approved Retailer.

How does Business Contract Purchase work with Stellantis Financial Services?

BCP is similar to our standard PCP product, allowing you to spread the cost of your vehicle over your chosen period, whilst also offering you flexibility at the end of your agreement. Please take into consideration that BCP is only available on new vans.

If you decide that BCP is the right option for you, you can begin the purchase process with the Retailer:

1. Agree your fixed monthly payments

Your Retailer will work with you to agree your fixed monthly payments. These will depend on several factors, including the value of your car, the deposit you choose, your annual mileage allowance (your Retailer will explain the minimum and maximum limits for your chosen vehicle), and the applicable interest rate. 

2. Pay an initial deposit

If you decide a BCP agreement is right for you, you’ll make an initial deposit when you pick up your vehicle. Each offer includes its own minimum and maximum deposit requirements, which will be explained to you as you move through the process. After that, you’ll make fixed monthly payments, helping you manage your budget with confidence.

3. Decide what to do at the end of your contract

When your BCP agreement comes to an end, you have a choice. You can pay an optional final payment to own the vehicle, end your BCP contract and look at a new car, or you can return your car and end your agreement.

Your options at the end of a Business Contract Purchase, explained:

At the end of the agreement, you’ll have three options:

1. Part exchange your vehicle

You may be able to part exchange your current car or van for a new vehicle. Subject to credit checks, you could be eligible to start another finance agreement.

2. Keep your car

If you decide to keep your vehicle, you’ll need to make the optional final payment in one lump sum or refinance the outstanding balance to own the vehicle outright. 

3. Return your vehicle

If you choose to return your vehicle at the end of your agreement, your BCP agreement will end there, providing it‘s still in good condition, according to fair wear and tear guidelines and doesn’t exceed the agreed mileage.

You may be required to make an additional payment if your vehicle is returned with damage or mileage over your agreed limit. These issues can reduce the car or van’s value, which means it may be worth less than the agreed GFV. To prevent any damage-related charges, please make sure repairs are completed before handing the vehicle back. If you expect to exceed your mileage allowance, let us know in advance through your online account or through our online form so we can update your agreement and explain any changes.

If you’d like to return your vehicle at the end of your agreement, you’ll need to notify us using your online account or contacting us.

Find out more about what happens at the end of your agreement, with our helpful end of contract summary.