PCP stands for personal contract purchase or personal contract plan. This is a type of car finance that Oodle does not choose to offer.
Traditional hire purchase lets the customer repay the total debt in equal monthly instalments, just like Oodle. However, PCPs are structured so that the customer pays a lower monthly instalment, leaving a final ‘balloon’ payment to be made at the end of the agreement.
The total borrowed is the same in both hire purchase and PCP, even the amount of interest, so it’s down to personal choice.