PCP Calculator
Calculate your Personal Contract Purchase car finance, monthly payments, and end-of-contract options.
Personal Contract Purchase Calculator
Work out your PCP monthly payments and compare your options at the end of the deal
UK Car Finance
Understanding PCP Car Finance
What is PCP?
Personal Contract Purchase (PCP) lets you drive a car by paying a deposit, monthly payments, then choosing what to do at the end: buy it, return it, or trade it in. Monthly payments are lower than HP because you're not paying off the full value.
The Balloon Payment
- Also called GMFV (Guaranteed Minimum Future Value)
- Set by the finance company at the start
- Based on predicted depreciation
- Typically 30-50% of original price
- You only pay it if you want to keep the car
End of Contract Options
- Buy: Pay balloon, car is yours
- Return: Hand back, walk away
- Trade: Use equity for new deal
- Must be within mileage limit
- Fair wear and tear allowed
PCP vs HP
- PCP: Lower monthly, balloon at end
- HP: Higher monthly, own at end
- PCP: More flexibility, less equity
- HP: More expensive monthly, full ownership
- Choose based on your ownership goals