PCP Calculator UK 2026
Instantly calculate your Personal Contract Purchase monthly payments. Estimate total interest, balloon payments, and finance costs for your next car.
PCP Finance Details
Enter your vehicle and finance details to estimate your monthly payments
The total OTR price of the car including fees and delivery.
The initial cash payment or part-exchange value.
The estimated value of the car at the end of the term (provided by the dealer).
Typical PCP terms are 24, 36, or 48 months.
The representative APR offered by the finance company.
Your PCP Estimate
Monthly payments, total interest, and finance breakdown
Enter your vehicle details above and click Calculate Monthly Payment to reveal your PCP finance estimate.
Common PCP Scenarios 2026
Quickly reference estimated monthly payments for typical UK car finance deals based on average deposits and APRs.
| Car Price | Deposit | Term | APR | GFV (Balloon) | Est. Monthly |
|---|---|---|---|---|---|
| £15,000 | £2,000 | 36 Mo | 5.9% | £7,000 | ~£215 |
| £25,000 | £3,000 | 48 Mo | 6.5% | £10,000 | ~£345 |
| £35,000 | £5,000 | 36 Mo | 4.9% | £16,000 | ~£460 |
| £45,000 | £6,000 | 48 Mo | 5.5% | £18,000 | ~£630 |
| £60,000 | £10,000 | 36 Mo | 6.9% | £28,000 | ~£780 |
UK Car Finance FAQ
Everything you need to know about Personal Contract Purchase (PCP), Guaranteed Future Values, and managing your car finance agreement.
A Personal Contract Purchase (PCP) is a type of car finance where you pay a deposit followed by fixed monthly payments over an agreed term (usually 2-4 years). At the end of the term, you have the option to return the car, use a Guaranteed Future Value (GFV) as a deposit for a new car, or pay the GFV to own the vehicle outright.
The Guaranteed Future Value (GFV), also known as the ‘balloon payment’, is the estimated value of the car at the end of your PCP agreement. It is guaranteed by the finance company, provided you have adhered to the mileage limits and kept the car in good condition. Because you are only financing the difference between the car’s price and the GFV, your monthly payments are lower than a traditional loan.
At the end of a PCP agreement, you have three choices: 1) Return the car to the finance company (you may owe money if there is excess mileage or damage). 2) Pay the GFV (balloon payment) to own the car outright. 3) Use any equity (if the car is worth more than the GFV) as a deposit towards a new PCP agreement.
Yes, you can settle a PCP early by paying the ‘settlement figure’, which includes the remaining monthly payments, the GFV, and any accrued interest minus a statutory rebate. After paying half of the total agreement, you can also voluntarily terminate the agreement and return the car without further penalty (provided there is no excess damage).
PCP agreements come with an annual mileage limit. If you exceed this limit, you will be charged an excess mileage fee (usually between 3p and 15p per mile) when you return the car at the end of the term. It is crucial to estimate your annual mileage accurately when setting up the contract.
With Hire Purchase (HP), you pay off the entire value of the car, meaning your monthly payments are higher, but you automatically own the car at the end of the term. With PCP, you only finance the depreciation (the difference between the purchase price and the GFV), resulting in lower monthly payments, but you do not own the car unless you pay the large balloon payment at the end.