Personal Contract Purchase

The benefits

• You can fund your car over shorter periods, so you get the chance to change more often.
• The flexibility at the end of the agreement to choose to keep, return or exchange your Mazda.
• You're protected against any fall in used car prices by a Guaranteed Minimum Future Value (GMFV).

How it works

1. Choose any new or used Mazda. Estimate your annual mileage.
2. Mazda Financial Services estimate the minimum amount your car will be worth once your contract finishes - the GMFV.
3. To work out your regular payments we add any interest charges and deduct your deposit plus the GMFV from the price of your new Mazda.
4. Drive away the moment we activate your agreement.

At the end of your contract, when all instalments have been made, you have three choices

• Choose another Mazda
  Use any excess value above the GMFV towards a deposit for another Mazda. You can trade in your car at any time or sell it privately having settled the outstanding balance.
• Return your car
  There's nothing more to pay if the car's in good condition (fair wear & tear) and within the agreed mileage.
• Keep the car
  Simply pay the GMFV, which we can finance if you wish.

Typical example, based on a brand new Mazda3:

New Mazda3 1.6i 5dr TS 5dr
On The Road Price	£15,970.00
Customer Deposit	£5,577.50
Manufacturer Deposit Contribution	£500.00
Amount of Credit	£9,892.50
Interest	£1,305.00
Total Charge for Credit	£1,305.00
Interest Rate (fixed for the duration of the agreement)	3.04%
36 Monthly Payments of	£180.00
GMFV (optional final payment)	£4,717.50
Total Amount Payable	£17,275.00
Mileage per annum	10,000
Excess mileage charge	17.9p per mile
Representative APR	5.9%
Duration of the Agreement	37 Months

 

Finance subject to status. Guarantees/Indemnities may be required. Mazda Financial Services RH1 1SR. The new car must be registered by March 31st, 2011, to qualify for the Low Rate Finance, and the Manufacturer Deposit Contribution.