Personal Contract Purchase (PCP) claims are on the rise, and with their growing complexity, lawyers increasingly look for efficient ways to manage and recover their costs. Unlike many lower-value or straightforward claims, PCP matters often involve intricate financial agreements, calculations, and contractual nuances that demand thorough attention to detail. This is where DMD Costs steps in to provide specialized cost-drafting and recovery services, ensuring practitioners receive the compensation they deserve for their time and effort.

Understanding PCP Claims

A PCP agreement is a type of finance plan frequently used for vehicle purchases, where a customer makes an initial deposit followed by monthly payments. At the end of the agreement, they can either pay a final balloon payment to take full ownership of the vehicle, part-exchange it, or return it. Issues may arise when terms regarding interest rates, mileage limits, excess fees, or termination fees are disputed, leading to legal action.

Lawyers managing PCP claims need to ensure that every piece of work—correspondence, negotiations, court applications, and more—is accurately captured and recovered through the costs process. Given the potential for high-value claims and complex contractual terms, securing the right cost-drafting support is essential.

How DMD Costs Can Help

1. Expert Legal Costs Drafting

DMD Costs has over 20 years of experience in legal costs. Their team understands the nuances of PCP claims and ensures every claimable aspect is reflected in the Bill of Costs or Costs Budget.

2. Maximized Recovery

By identifying all recoverable work items and thoroughly documenting them, DMD Costs helps clients maximize their recovery. They know precisely how to position costs for successful negotiation or court assessment.

3. Negotiation Excellence

When negotiating PCP claim costs, expertise matters. DMD Costs’ seasoned negotiators stand ready to engage with opponents, advocating strongly for the lawyer’s entitlement and delivering outstanding results.

4. Paperless, Digital Service

DMD Costs employs cutting-edge, secure software for a streamlined service. This digital approach speeds up the entire process—from instructions to final settlements—ensuring minimal delays.

5. Tailored Support

No two PCP claims are alike. DMD Costs offers a personalized service that aligns with each firm’s unique case strategy. Their experts are on hand to consult on optimal approaches for each matter.

6. Ongoing Compliance

Staying updated on the latest legislation, case law, and procedural rules is critical. DMD Costs continuously monitors changes that could affect PCP claims, providing peace of mind and protection from compliance risks.