Car PCP Calculator
Work out your monthly payment on a Personal Contract Purchase deal — and compare the total cost of keeping the car against handing it back at the end.
Estimate only. This is an estimate based on a representative APR and a balloon figure you enter — it is not a finance offer. Always check the exact APR, GMFV, mileage allowance and terms in your PCP agreement before signing.
Enter your PCP deal details
Your monthly payment and both end-of-term costs appear here as you type.
How PCP is calculated
Personal Contract Purchase (PCP) splits the car's cost differently to a loan or HP deal: a chunk of the price — the Guaranteed Minimum Future Value (GMFV), or "balloon" — is deferred to the end of the agreement instead of being spread across your monthly payments. That's why PCP monthly payments are usually lower than an equivalent HP or loan deal. At the end of the term you choose: pay the balloon and keep the car, hand it back with nothing more to pay (subject to mileage and condition), or part-exchange it for a new deal.