PCP Car Finance Calculator
Updated on 22 Oct 2026 · Checked by Aotob
PCP on a £30,000 car with £3,000 down is £429 a month for 48 months.
Then pay £13,500 to keep it, hand it back, or part-exchange.
Monthly payment
£429
PCP keeps payments low because you only pay off the car’s expected drop in value. Going over the mileage limit or returning it damaged adds charges.
Show the working
Borrowed 27,000; GFV 13,500 deferred; 8.9% APR → 429.37 a month
PCP or hire purchase
| PCP | Hire purchase | |
|---|---|---|
| Monthly | 429 | 666 |
| Paid over the term | 23,610 | 34,979 |
| Own the car? | Pay 13,500 | Yes |
Questions people ask
How does PCP work?
You pay a deposit and monthly payments that cover the car’s drop in value plus interest. At the end you pay the balloon (GFV) to keep it, hand it back, or part-exchange.
PCP or hire purchase?
PCP has lower payments but costs more in interest if you keep the car. HP costs more a month but you own it at the end.
What are the catches?
Mileage limits and damage charges if you hand it back, and you don’t own the car until the balloon is paid.
Updated 22 Oct 2026Source: Standard loan maths, checked October 2026Checked by AotobTypical PCP structure; dealers set the GFV.Report an issue