Elect 3 Pro (Personal Contract Purchase) Explained

A popular way to own a brand new van every 3 years. The agreement gives you additional flexibility since part of the cost is deferred until the end. At the end of the agreement you have 3 options:

1. Retail the van: simply pay the Guaranteed Future Value (GFV) and the vehicle is yours.
2. Part exchange it for another vehicle, using any excess part exchange value that is above the GFV towards your deposit
3. Return the van with nothing to pay, subject to vehicle condition and mileage criteria being met

How does it work?

• We will agree with you an estimated annual mileage and this will be used to determine the vans's GFV
• You agree on the amount of deposit (0 - 40%), and this figure combined with the duration and GFV will determine the amount of your monthly payment
• Duration 25,31,37 or 48 months (37 months is standard offer)
• Available on new and used vans
• You sign an agreement, pay the deposit and make the monthly direct debit payments
• Interest is fixed, which means you'll know exactly how much you will repay throughout the term of the agreement
• At the end of your agreement we'll write to remind you of the three available options (see above)
• You decide which option is best for you. We are able discuss these options with you and help if you wish to part exchange the van 

Features and Benefits

1. A fixed monthly payment, allowing you to budget with confidence
2. Potentially lower payments than a Conditional Sale agreement
3. Variety of options available at the end of the agreement
4. Balloon Payment
5. Roadside Assistance
6. Eventual Ownership
7. Profit or loss on sale
8. On balance sheet funding

Optional Products & Services

If you want to know more about how contract hire can benefit you and or your business, why not get in touch with our Local Business Sales Consultant at W R Davies Citroën who can explain all the funding options available.

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