MAZDA PERSONAL CONTRACT PURCHASE (PCP)

A Mazda PCP finance agreement may enable you to change your car more often. You choose your new Mazda; agree on your deposit, term and expected annual mileage; Mazda then calculate your car’s anticipated future value at the end of the contract. We deduct this Optional Final Payment from your balance, and your monthly payments are based on this reduced amount. At the end of the contract term you have 3 great choices: (i) Renew: part exchange your Mazda for a new one and use any available equity as your deposit for your new Mazda; (ii) Retain: pay the Optional Final Payment and keep the car; or, (iii) Return: if market conditions have changed, you can hand the car back to Mazda and walk away owing nothing further, as long as the car is in reasonable condition for its age and is within the agreed contract mileage.