What is the best thing about PCP?

You don’t have to worry about the car being worth less than the balloon payment (Final Payment or GFV). So, if the car depreciates more than expected at the start of the agreement you have the protection that the finance company have guaranteed the value at the end of the term. This means that you are guaranteed at the end of the finance period not to owe more than the vehicle is worth, providing you with peace of mind. If the car is worth less than the outstanding balloon amount at the end of the period then you can simply hand the car back and walk away, meaning the finance company take the loss and not you.