PCP Finance Calculator
Calculate monthly payments for Personal Contract Purchase car finance deals with balloon payments.
PCP Finance Calculator
PCP Results
PCP Finance Calculator
Calculate your Personal Contract Purchase (PCP) monthly payments with our comprehensive PCP finance calculator. Get accurate estimates for your car finance deal including mileage adjustments and balloon payments.
What is PCP Finance?
Personal Contract Purchase (PCP) is a popular car finance option that allows you to drive a new car with lower monthly payments. At the end of the agreement, you can either:
- Return the car - Walk away with no further obligations
- Buy the car - Pay the final balloon payment to own it
- Part-exchange - Use any equity as a deposit for your next car
How PCP Works
- Initial Payment - You pay a deposit (customer deposit + dealer contribution)
- Monthly Payments - Fixed monthly payments for the agreed term
- Final Payment - Optional balloon payment to own the car
Key Features of Our PCP Calculator
- Real-time Calculations - Instant updates as you change inputs
- Mileage Impact - See how annual mileage affects your payments
- Multiple Terms - Choose from 12 to 48 months
- Accurate Formulas - Industry-standard PCP calculations
- 0% APR Support - Handles interest-free deals correctly
PCP vs Other Finance Options
| Feature | PCP | Hire Purchase | Personal Loan |
|---|---|---|---|
| Monthly Payments | Lower | Higher | Varies |
| Ownership | Optional | Guaranteed | Immediate |
| Mileage Limits | Yes | No | No |
| Balloon Payment | Yes | No | No |
| Flexibility | High | Medium | Low |
Understanding Your PCP Quote
Monthly Payment Breakdown
- Amount to Finance - The total amount you’re borrowing
- Monthly Payment - Your fixed monthly cost
- Total Interest - Total interest paid over the term
- Final Balloon Payment - Amount to buy the car at the end
Mileage Considerations
- Standard Allowance - Usually 10,000 miles per year
- Excess Charges - Additional cost for exceeding mileage
- Residual Value - Higher mileage reduces the car’s final value
Tips for Getting the Best PCP Deal
- Negotiate the Car Price - Lower price = lower monthly payments
- Increase Your Deposit - Larger deposit reduces monthly costs
- Choose Appropriate Mileage - Don’t overestimate your annual mileage
- Compare APR Rates - Shop around for the best interest rates
- Consider the Balloon Payment - Ensure you can afford the final payment
Common PCP Mistakes to Avoid
- Underestimating Mileage - Can lead to expensive excess charges
- Ignoring the Balloon Payment - Plan for the final payment
- Not Shopping Around - Compare deals from multiple lenders
- Focusing Only on Monthly Payments - Consider total cost of ownership
- Not Reading the Small Print - Understand all terms and conditions
PCP Calculator Benefits
Our PCP calculator helps you:
- Compare Deals - See how different terms affect payments
- Plan Your Budget - Know exactly what you’ll pay each month
- Understand Mileage Impact - See how driving habits affect costs
- Make Informed Decisions - Get all the facts before signing
When to Choose PCP
PCP is ideal if you:
- Want lower monthly payments
- Like to change cars regularly
- Drive within mileage limits
- Can afford the balloon payment
- Prefer predictable costs
Alternative Finance Options
If PCP isn’t right for you, consider:
- Hire Purchase - Higher payments but guaranteed ownership
- Personal Loan - Own the car immediately
- Lease - No ownership option but very low payments
- Cash Purchase - No finance costs but requires full payment upfront
Get Started Today
Use our free PCP calculator to find the perfect car finance deal for your budget and driving needs. Get accurate estimates in seconds and make informed decisions about your next car purchase.
This calculator provides estimates only. Always consult with a qualified financial advisor and read all terms and conditions before entering into any finance agreement.