We’re currently experiencing high call volumes so it may take us longer than usual to answer your call.

Car and Home new customers – We’ll be with you as soon as possible or you may prefer to get your quote and cover online. 

Car and Home existing customers – Call wait times are up to an hour so we are prioritising changes required in the next 1-3 days. We recommend you update your policy in MyAccount or get in touch via webchat.

We’re sorry for any inconvenience caused and thank you for your patience.


PCP Personal Contract Purchase

How can we help you today?

We've paused new loans to customers but we'll be back soon. We've made this decision to ensure we're focussing on servicing our existing customers and looking after our staff.

Find the answers to commonly asked questions about Loans.

Existing customers

If you want to make changes or need a settlement quote.

Get in touch

Payment help

If you're unable to make your usual monthly payments.

Help with your payments

New Customers

If you want to check the progress of a new application.

Check progress

Representative example

Borrowing £12,000 over 48 months, on a car with a cash price of £12,250 and paying £250 deposit to the dealer. At a Representative APR of 7.9% and an annual interest rate of 7.63% (fixed) you would pay £195.77 monthly with one optional balloon payment of £4753 which includes the £1 option to purchase fee. The total amount payable (including your deposit) would be £14,204.19.

The above example is based on a popular hatchback car with a 1.25 engine size. It assumes a contract mileage of 40,000 miles and an excess mileage charge of 9p per mile.

How does PCP work?

Buying a car with Admiral Personal Contract Purchase (PCP) is easier than you think

You could get lower monthly payments on your new car

Find your next car and get a PCP quote. PCP offers lower monthly payments but you will have to pay a lump sum (balloon payment) at the end of the contract if you want to keep the car.

No hassle - We’ll talk to the dealership for you

Once the finance has been agreed, provide us with the details of the car dealership – we’ll sort out the rest and make the payment directly to the dealer.

Flexible options - keep the car or return it to us

At the end of the agreement you can pay the "balloon payment" and £1 option to purchase fee to keep the car. Alternatively you can return the car to us; if you've met the agreed mileage and condition requirements you wont need to pay any extra charges.

Good to know

Remember, with PCP loans, you do not own the vehicle until all contractual repayments have been made. Failure to maintain payments could result in the vehicle being repossessed.

Get started with Admiral Car Finance

Get started Phone us

Personal Contract Purchase (PCP) is split into three steps

Got a much better rate than the dealership could offer plus it was paid directly to the dealer which made the purchase seamless



Extremely helpful and positive staff that were surprisingly engaging to help me every step of the way. Rare to see customer service this good!



No drama, very easy process and money transferred same day



Very very very easy

Lee, Blackpool

Mar 2020

Helpful, friendly, non-pushy sales people with a simple non-invasive application process.

Julie, Malvern

Mar 2020

Easy to apply paid the dealer on time. Very helpful customer service team.

Once applied it took over a day to get a decision. I thought it was instant.

Daniel, Essex

Mar 2020

Your questions answered

What is a balloon payment?

A Balloon Payment is the optional final payment at the end of a Personal Contract Purchase (PCP) agreement which must be paid if you would like to own car. Alternatively you can return the car, If it has exceeded the contracted mileage and/or is not in good condition you will incur extra charges.

What is Guaranteed Future Value (GFV)?

The Guaranteed Future Value (GFV) is an estimate of what your car will be worth at the end of your finance term, regardless of its true depreciation. The Guaranteed Future Value (GFV) is based on the predicted residual value (value at the end of the PCP agreement) of the car, and takes into account your estimated mileage, condition of car, length of your agreement and the make/model.

What happens if I exceed my mileage limit?

If you exceed your agreed mileage limit, you will be charged an excess mileage fee of 9p per mile.

Who is the registered keeper of the car with PCP?

During the term of the agreement, you would be the 'registered keeper' of the car and be responsible for insuring and maintaining it, but Admiral would remain the legal owner until the agreement has been repaid in full.

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Everything you need for Personal Contract Purchase

You’ll need to fill in the below first so we can check your eligibility:

Your name and date of birth

3 years of address history

Your loan amount

Your contact details, income, outgoings and employment history

The date you want your monthly payments to leave your bank account

To complete your application you'll need:

The details of the car you're buying

Your bank details

The car dealer’s address and bank details

Other Car Finance options

Take a look at the other ways Admiral could help you buy your next car

Helpful Guides

Everything you need to know about car finance

Everything you need to know about car finance

Read more
The complete guide to PCP

The complete guide to PCP

Read more
Everything you need to know about APR

Everything you need to know about APR

Read more

As a basis for qualification, you must be a permanent resident of England, Wales or Scotland, having lived in the UK for at least 3 years, be between the ages of 18 and 75, and with no recent history of bad credit such as County Court Judgements (CCJs), IVA or bankruptcy. The rate offered will depend on the amount you wish to borrow and your individual circumstances. You can apply for any amount between £1,000 and £25,000 for a period between 12 and 60 months.

APR stands for annual percentage rate. This is the total charge for the loan including fees and interest expressed as a percentage. The APR you are offered may differ from the representative example displayed, this is because each loan application is assessed on an individual basis. The maximum APR we offer is 29.9%.

Admiral Loans is a trading name of Admiral Financial Services Limited (AFSL). Admiral Financial Services Limited (AFSL) is registered in England and Wales at Tŷ  Admiral, David Street, Cardiff, CF10 2EH (Reg. No. 10255225). Admiral Financial Services Limited (AFSL) is authorised and regulated by the Financial Conduct Authority (Firm reference number: 771862). These details can be confirmed by visiting the Financial Services Register, www.fca.org.uk/register.

Admiral Financial Services Limited (AFSL) is a registered data controller (No. ZA257412). The data controller is Admiral Financial Services Limited. You acknowledge that by providing your personal data to us, you consent to its processing in the manners outlined in our Privacy Policy. Click here to read.

Please see our terms and conditions here.

AFSL are a member of the Finance and Leasing Association(FLA) who are an industry leader in promoting best practice within the motor finance, consumer and asset businesses in the UK. As a member we are subscribed to their Lending Code. Click here to download a copy of their Lending Code.

When you submit an application for a loan, we will conduct an application credit search which may affect your credit score, so you may wish to keep applications to a minimum to protect your credit rating.

If you have any queries about the manner in which your data is processed, please write to: Data Protection Officer, Admiral Financial Services Limited, Tŷ Admiral, David Street, Cardiff CF10 2EH.

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Admiral Car Finance is rated 9.6 out of 10 based on 554 reviews from the last 12 months