Final answer:
A PCP/DTM agreement has an expiration date and the borrower has options when it expires.
Step-by-step explanation:
A PCP/DTM agreement refers to a contract between a borrower and a lender for the purchase of a vehicle. The agreement typically specifies the terms and conditions, including the duration of the agreement. In most cases, a PCP/DTM agreement does have an expiration date, which is usually determined at the start of the agreement. Once the agreement expires, the borrower has several options, such as returning the vehicle, purchasing it outright, or entering into a new agreement.