PCP Finance Calculator
Use our free PCP (Personal Contract Purchase) calculator to estimate your monthly payments and total cost for car finance.
Calculate Your PCP Finance
About PCP Finance
Personal Contract Purchase (PCP) is a popular car finance option that offers lower monthly payments compared to a traditional hire purchase agreement. It's designed to let you spread the cost of buying a car over a number of years, typically between 2-4 years.
How PCP Works
PCP finance consists of three main components:
- Deposit - This is your initial payment, typically between 10-30% of the car's value.
- Monthly Payments - You'll make fixed monthly payments over the term of the agreement.
- Final Payment (GMFV) - At the end of the agreement, you can choose to pay this to own the car, hand the car back, or start a new PCP deal.
PCP Calculator Explained
Our calculator helps you estimate the cost of a PCP finance deal:
- Vehicle Price - The total on-the-road price of the car you're buying.
- Deposit - How much you're putting down upfront.
- Term - The length of the agreement in months.
- Interest Rate - The APR (Annual Percentage Rate) of the finance.
- Final Payment - The Guaranteed Minimum Future Value (GMFV) of the car at the end of the agreement.
For more information about PCP finance, read our comprehensive guide: How Does PCP Car Finance Work? A Complete UK Guide.