What’s the optional final payment and how do I make it?

The optional final payment is made at the end of a personal contract purchase (PCP) finance agreement in order to own the car. It's sometimes referred to as the balloon payment or the guaranteed future value (GFV).

How do I make the optional final payment?

If you want to own the car at the end of your personal contract purchase (PCP) agreement, here’s how to make the optional final payment:

1. Log in to Zopa.

2. Click into your car finance.

3. Select Pay off your loan early.

4. This will generate a settlement letter which has all the details on how to make your payment.

Also, if you don’t let us know which option you’d like to take, we’ll automatically attempt to take the optional final payment 30 days after your last regular repayment. If that payment is unsuccessful, it could be recorded as a missed payment on your credit file.