Can I settle a PCP agreement early?

Yes. Ask the finance provider for an early-settlement figure. Paying that amount ends the finance and can allow you to keep or sell the car.

In relation to “Can I settle a PCP agreement early?”, pCP and hire purchase are credit agreements, so the useful numbers are not only the monthly payment but also total payable, settlement and any end-of-contract amount.

For “Can I settle a PCP agreement early?”, read the agreement for the cash price, deposit, total amount payable, optional final payment, mileage allowance and return conditions. The monthly payment alone does not show the whole cost.

For “Can I settle a PCP agreement early?”, request the formal settlement figure rather than adding up remaining monthly payments yourself; early-settlement calculations can use different figures.

For “Can I settle a PCP agreement early?”, this answer is written for a Northern Ireland user, but some vehicle-registration, consumer-credit and insurance functions operate on a UK-wide basis. The attached sources — MoneyHelper - Personal Contract Purchase (PCP), MoneyHelper - Buying a car with Hire Purchase, and nidirect - Contact Consumerline — are therefore deliberately mixed where the responsible authority is UK-wide. That is more accurate than forcing every point into an NI-only source.

Practical next step for “Can I settle a PCP agreement early?”: open the finance agreement and find the figures or clause relevant to this question. If you are changing or ending the agreement, request the current position directly from the finance provider before promising the car to anyone else.