With Personal Contract Purchase, once you have paid all of your regular monthly repayments you can either 1) Pay the Optional Final Repayment and own the car. 2) Part exchange the car for a new one (subject to settlement of your existing agreement, new agreements are subject to status). 3) Return the car to Creation without paying the optional final repayment. Providing you’ve not exceeded the maximum agreed mileage and the car is in good condition (fair wear and tear accepted) you will have nothing further to pay. If the vehicle has exceeded the maximum agreed mileage then a charge of 9.0p+ VAT per excess mile applies.