Car Finance Calculator UK
Quick Estimate
Guide
This advanced UK car finance calculator helps estimate realistic PCP and HP monthly payments using lender-style calculations including APR, balloon payments, fees, deposits and trade-in equity.
Hire Purchase (HP)
With HP finance, you pay fixed monthly payments over the agreed term and own the vehicle at the end once all payments are completed.
Personal Contract Purchase (PCP)
PCP finance lowers monthly payments by deferring part of the vehicle value into a final balloon payment known as the Guaranteed Future Value (GFV).
Why Dealer Figures Can Differ
Dealership calculations often include fees, contribution incentives, APR rounding differences and lender-specific balloon valuations.
Professional-Grade Finance Estimates
Although built closer to real dealership and lender calculations than generic online car finance calculators, still not to be used in real financial or legal matters.
Frequently Asked Questions
Find quick answers to common questions about PCP and HP vehicle finance options.
1. What is PCP finance?
PCP is a finance agreement where part of the vehicle value is deferred into a final optional payment.
2. What is HP finance?
Hire Purchase spreads the full cost of the vehicle across monthly payments with ownership at the end.
3. Why are PCP monthly payments lower?
Because part of the vehicle value is deferred into the balloon payment.