Representative Example is based on an annual mileage of 8000 . With Personal Contract Purchase (PCP), once you have paid all of the regular monthly payments you have the option to (1) Return the vehicle and not pay the Optional Final Payment. If the vehicle has exceeded the maximum agreed mileage, a charge per excess mile will apply of 4.0 + VAT pence per mile. If the vehicle is in good condition (fair wear and tear accepted) and has not exceeded the maximum agreed mileage you will have nothing further to pay; (2) Pay the Optional Final Payment to own the vehicle or; (3) Part exchange the vehicle subject to settlement of your existing credit agreement; new credit agreements are subject to status.