PCP Balloon Payment Calculator
Instantly calculate your PCP monthly payments and balloon (GFV) payment. Accurate, free Personal Contract Purchase calculator for car finance.
Calculate Your PCP Payments
Enter your vehicle price, deposit, APR, term and balloon payment below to see your estimated monthly payment and total cost.
PCP Calculator
Enter your finance details to see the breakdown
The lump sum due at the end of the agreement if you choose to keep the car.
Your PCP Breakdown
Estimated monthly payment and total cost
Example PCP Monthly Payments
Illustrative examples for a £24,000 vehicle with a £3,000 deposit at 8.9% APR, over different terms and balloon amounts. Use the calculator above for your own figures.
| Term | Balloon (GFV) | Approx. Monthly Payment |
|---|---|---|
| 24 months | £13,500 | ~£391 / month |
| 36 months | £9,500 | ~£347 / month |
| 36 months | £12,000 | ~£286 / month |
| 42 months | £8,500 | ~£320 / month |
| 48 months | £7,500 | ~£296 / month |
| 60 months | £6,000 | ~£265 / month |
PCP Balloon Payment FAQ
Everything you need to know about balloon payments and how PCP finance works.
A balloon payment, also called the Guaranteed Future Value (GFV) or optional final payment, is a lump sum due at the end of a Personal Contract Purchase agreement if you choose to keep the car. It represents the vehicle’s estimated value at the end of the contract, and paying it transfers ownership to you.
The amount you finance (cash price minus deposit) is spread over the agreement term, but unlike a standard loan, you only pay off the difference between that amount and the balloon payment, plus interest. This is why PCP monthly payments are typically lower than an equivalent hire purchase or personal loan.
At the end of the term you typically have three options: pay the balloon payment to keep the car, return the car with nothing further to pay (subject to condition and mileage limits), or part-exchange it and use any equity toward a new agreement.
Not necessarily. A lower balloon payment usually means higher monthly payments, since more of the car’s value is being paid off during the term. A higher balloon payment lowers monthly payments but leaves a larger lump sum to pay, refinance or walk away from at the end.