Car Finance Calculator – PCP, HP & Used Car PCP Payment Calculator

Compare HP, PCP and Lease finance side-by-side. Calculate monthly payments, total payable, interest, deposit impact and balloon/residual values instantly for new and used cars.

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⚠️ Advisory only: Results are estimates. Finance offers vary by lender, credit profile, fees and mileage terms—confirm with the provider.

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PCP Used Car Calculator – Estimate Payments & Balloon Costs

A simple tool to calculate PCP used car payments, monthly instalments, APR impact and final balloon (GFV) value — ideal for comparing PCP vs HP vs Lease before making a decision.

Monthly is 12; change only for weekly/fortnightly schedules.

Leave 0 if you enter a fixed amount below.

Reset

Your finance breakdown

Item Value
Amount financed —
Payment per period —
Final/balloon payment —
Total of payments —
Total interest —
Number of payments —

Enter details and select Calculate.

Why Use This Car Finance Calculator?

Compare PCP, HP & Lease Side-by-Side

Easily compare real-world costs for PCP, HP and Lease.

Custom APR, Deposit & Term Options

Adjust deposit, fees, balloon/residual and mileage.

Full Cost Transparency

Breakdown of monthly payments, total payable and interest.

Mileage & Balloon Payment Adjustments

Account for GFV, residual values and mileage restrictions.

Car Finance Process (3 Simple Steps)

1

Enter Car Price & Deposit

plus trade-in and fees if applicable

2

Select Finance Type

PCP, HP or Lease + APR/term/mileage

3

Review Monthly & Total Cost

compare affordability and value

How to Use This Car Finance Calculator

This PCP/HP/Lease payment calculator helps you understand monthly costs and final balloon figures before applying with a lender. Enter car price, deposit, APR and balloon/GFV to estimate realistic offers for used and new vehicles.

How Car Finance Calculations Work (HP, PCP & Lease Explained)

  • HP (Hire Purchase): Amortised loan, own car after final payment
  • PCP (Personal Contract Purchase): Lower monthly cost + final balloon/GFV
  • Lease (Contract Hire): Rent & return, based on depreciation

Example formulas

HP payment (PMT):
PMT = r × PV / (1 − (1 + r)^−n)

PCP with balloon (B):
PMT = r × (PV − B/(1+r)^n) / (1 − (1+r)^−n)

Lease:
Payment = (CapCost − Residual)/n + (CapCost + Residual) × μ

Notes: Offers may include acceptance fees, option-to-purchase fees, excess mileage and delivery fees.

Car Finance Calculator FAQs

HP: repay full amount, own the car at end. PCP: lower monthly payments with a large balloon (GFV) at the end—pay it to keep the car or hand back. Lease: long-term rental—usually return the car at term end.

The Guaranteed Future Value (GFV) is the car’s forecast value at the end of the PCP. It’s paid only if you keep the car. Monthly payments are lower because part of the cost is deferred to the balloon.

Higher mileage lowers the residual/GFV and can increase payments. Exceeding the contracted mileage may incur per-mile charges when you return the car.

Yes—enter your trade-in value, deposit and any fees (e.g., admin or option-to-purchase). They’re factored into PV, totals and interest.

Yes — this tool works for used car PCP finance calculations including balloon payment estimates.

No—they’re educational estimates. Actual offers depend on credit checks, lender pricing, fees and vehicle specifics. Always confirm with the finance provider.

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What Our Users Say About This Tool

Overall Rating
5.0/5 3 reviews
Priya

This estimator feels like a mini financial advisor. It’s incredibly helpful for first-time buyers to understand their limits. The income-to-debt ratio logic is spot on.

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Dhruv

This tool is a lifesaver for budgeting. It’s intuitive and gives a clear breakdown of monthly payments. I especially like the amortization summary—it’s great for planning long-term.

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Rohan

Simple, fast, and accurate. The BMI Calculator gives instant results with clear health categorization. I appreciate the clean layout and mobile responsiveness—it’s perfect for quick checks on the go

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⚠️ All services are offered on an advisory basis only. We do not act as legal or financial representatives, and we do not guarantee outcomes. Any actions taken based on our guidance are the responsibility of the individual.