Finance calculator
PCP Car Finance Calculator
Estimate PCP payments using the vehicle price, deposit, APR, term and optional final payment.
Estimate PCP payments
Illustrative estimate only. Lender quotations can differ because of calculation methods, fees, payment dates, representative APR treatment, optional final / GFV values and other agreement terms.
What your result means
The monthly payment is estimated after allowing for the present value of the optional final payment. The final payment remains due if you choose to pay it at the end of the agreement.
Worked example
The calculator defaults are an editable illustration only.
- Vehicle cash price
- £30,000
- Optional final payment
- £12,000
Fees, mileage limits, condition terms and lender-specific calculations are not included.
Formula
The final payment is discounted to its present value before calculating the monthly payments; it does not simply disappear.
Optional final-payment scenarios at the example inputs
| Final payment | Estimated monthly payment | Total customer payable |
|---|---|---|
| £8,000.00 | £501.19 | £35,057.16 |
| £12,000.00 | £431.01 | £35,688.59 |
| £16,000.00 | £360.83 | £36,320.02 |
Assumptions and limitations
- Results are estimates based on the values entered. Actual finance agreements may include fees, different interest calculations and other terms.
- Mileage terms, condition charges, excess mileage and GMFV rules are not modelled.
Helpful questions
What is the optional final payment?
It is the amount left due at the end in this illustration if you choose to pay it. A higher final payment can lower the monthly payment but does not disappear from the total.
Does a larger deposit reduce the monthly payment?
Yes. A larger deposit reduces the amount financed in this model, which normally reduces the estimated monthly payment.
Are mileage or condition charges included?
No. Mileage limits, excess-mileage and condition charges are agreement-specific and are not modelled.
Is this a lender quote?
No. It is an estimate from the values entered. Lenders can use different calculations, fees and terms.
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