About the PCP Calculator

The PCP Calculator allows you to compare the costs of financing your car through a PCP loan and provides transparency of the real costs of PCP loans including monthly payment schedules, costs and depreciation figures so you can make an informed choice when buying a new or used car with PCP finance. Please contact us if you would like additional features added to the PCP Calculator or any of the other Car Finance Calculators provided on this site.

PCP Car Loan Calculation

This PCP loan calculation is for illustration purposes only and the figures may alter dependent on the PCP finance plan for your car finance. We have also identified that PCP loans vary between car dealerships based on the number of decimal places to which they apply their calculations, these varying approaches can provide stark differences to the amount you repay each month with PCP and the total amount you repay over the full term of the PCP agreement. So, shop around, PCP deals are not all the same. Always check the small print of your car finance loan agreement to ensure there are no hidden charges or caveats that affect the final valuation figure.

PCP Calculator

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What is a PCP Loan?

PCP (Personal Contract Purchase) is a type of car loan. PCP loans provide relatively low monthly repayments and make car finance very affordable.

PCP financing is based on the car's residual value, that is the value that the car is worth at the end of the contract. The car finance is then calculated based on the value of the car now minus the residual value.

Example of PCP Loan - BMW PCP Finance example

Imagine you are looking to take a PCP loan on a new BMW at £30,000.00. You want the loan over 3 years. The BMW dealership provides you a residual value (commonly called Guaranteed Future Value) of £17,000.00.

In this example you pay no deposit on your new BMW so the PCP loan will be for £13,000.00 (that's £30,000.00 minus £17,000.00.

Clearly that is a very simple PCP explanation, most loans and finance attract administration fees and you may be putting a cash deposit down or receiving a dealer contribution which will affect your PCP loan amount and monthly loan repayment calculations.

Monthly PCP Finance Repayment Examples

PCP Finance for 5000.00

PCP Finance for 15000.00

PCP Finance for 25000.00

PCP Finance for 35000.00

PCP Finance for 45000.00

PCP Finance for 55000.00

PCP Finance for 65000.00

PCP Finance for 75000.00

PCP Finance for 85000.00

PCP Finance for 95000.00

PCP Finance for 7500.00

PCP Finance for 17500.00

PCP Finance for 27500.00

PCP Finance for 37500.00

PCP Finance for 47500.00

PCP Finance for 57500.00

PCP Finance for 67500.00

PCP Finance for 77500.00

PCP Finance for 87500.00

PCP Finance for 97500.00

PCP Finance for 10000.00

PCP Finance for 20000.00

PCP Finance for 30000.00

PCP Finance for 40000.00

PCP Finance for 50000.00

PCP Finance for 60000.00

PCP Finance for 70000.00

PCP Finance for 80000.00

PCP Finance for 90000.00

PCP Finance for 100000.00

PCP Finance for 12500.00

PCP Finance for 22500.00

PCP Finance for 32500.00

PCP Finance for 42500.00

PCP Finance for 52500.00

PCP Finance for 62500.00

PCP Finance for 72500.00

PCP Finance for 82500.00

PCP Finance for 92500.00

PCP Tips

  • Shop Around: PCP loans can be a great way of financing your new car but shop around first and talk to the car dealership. Keep an eye out for 0% car finance deals, this is where you typically get the best car finance deals.
  • Wow! Low monthly payments! We all love a bargain but question those eye catching monthly repayment plans.
  • Future value: As PCP loans are calculated on the future value of the car, the best deals are on cars which retain their value. This is a key point when you don't intend to keep the car at the end of the PCP loan contract.
  • You don't own the car! PCP loans do not give you ownership of the car, you are simply in a financial contract for a fixed period with a car dealership. You will have to pay the future value amount at the end of the PCP contract if you wish to keep the car you financed.
  • Used car PCP finance: PCP Interest rates on used cars are typically not as good as the interest rates provided on new cars. Always compare the monthly amounts on your PCP contract, you may be better off buying a new car rather than a used car.

PCP Finance additional information and resources

Please note that a number of tese PCP loan resources and articles are linked to third party sites vut we feel they provide useful information when looking at purchasing a car with PCP finance