At the end of your motor agreement

Your options are detailed below.

Option 1 – Keep the car

To do this, you must make the final payment (which includes the balloon payment figure specified within your credit agreement) on or before its due date. Provided you've followed the terms of the finance and made all required payments, you'll then become the legal owner of the car

Option 2 – Part-exchange

You can visit any dealer (including your supplying dealer) to discuss part-exchanging your existing car and settling the outstanding balance of your PCP finance.

Option 3 – Return the car
To do this, you need to complete a Request for The Return of Motor Vehicle at End of Contract (PCP) form. This will be sent to you in the post as part of your ‘PCP End-of-Term’ pack, approximately 3 months before the end of your finance. If you don't return this form at least 21 days before your final payment date, we'll automatically collect the final payment by Direct Debit. You can return this form by email also by sending it to: recoveries@barclays.com

Please note: If you choose to return the car, a vehicle assessment report will be completed on its condition in line with British Vehicle Rental & Leasing Association (BVRLA) guidelines. Once the car has been sold we will calculate the amount that you may owe, including any charges incurred such as costs to bring the vehicle into a reasonable condition, and let you know the total amount due.

Any excess mileage charges will be applied, and payable, on the date that you return the car. Check your credit agreement for the pence-per-mile rate.

A balloon payment is a lump sum owed to the lender at the end of a finance agreement.

Loans with a balloon payment option typically results in lower monthly repayments, as you are deferring part of the cost to the end of the contract.

At the end of your loan agreement if you decide to keep the car you will need to pay the balloon payment in full. 

If you decide to part exchange your car then no balloon payment is required as long as the value of your car is still greater than the outstanding balance.

If you wish to keep the car but can't pay this, or you are having financial difficulties, please get in touch with our Financial Assistance team on 0800 16 15 260 * (landline) / 0333 202 7894 (mobile). Our opening hours are Monday to Friday 08:00 – 20:00 and Saturday 09:00 – 15:00.

Yes, if you have conditional sale or PCP finance then Barclays Partner Finance will hold 'title' to the vehicle. This means that your vehicle will show on the HPI register for the duration of the finance agreement.

This will end when the loan is settled in full, or if the car is returned voluntarily, repossessed, or written off in an accident settled via insurance.

We don't automatically send confirmation when your finance has been paid in full.

If you want confirmation, please get in touch with us on 0800 15 22 888 *. Our opening hours are Monday to Saturday 09:00 – 18:00.

No. We'll stop taking Direct Debit payments once your finance is paid in full.

If you settle your account manually, via a Debit Card, Bank Transfer or Cheque, your next Direct Debit may already be pending. In this event, you'll have to contact your current account provider, they may be able to stop the payment. If they can’t, we'll refund any overpayments back to the account that payments are made from once the Direct Debit has cleared. Direct Debit payments can take up to 10 days to clear. The Direct Debit will need to remain active and in place for us to refund you in this way therefore, please do not cancel your Direct Debit until the refund is back into your account.