PCP Calculator
Personal Contract Purchase splits your payment into a lower monthly figure plus an optional final payment (the balloon). This calculator shows what returning the car actually costs versus paying that balloon and keeping it.
Your deal
Estimates only, based on the methodology stated above — actual lender or dealer figures may differ. RealCarCost is not a broker, lender or financial adviser, and nothing here is financial advice or a personal recommendation.
What this result means
Your headline monthly payment depends on the amount financed (price minus deposit), the APR, the number of payments, and the balloon (GFV) — a higher GFV lowers the monthly figure because more of the price is deferred to the optional final payment, which the headline payment itself excludes. If you want to keep the car, budget for that balloon too — the true monthly cost accounts for it, minus what the car is likely to be worth.
Methodology
Monthly payment uses a standard reducing-balance annuity formula with a residual (balloon) value. Actual lender quotations may differ due to fees, payment timing and lender-specific calculations — if you have a real quote, enter your actual monthly payment for the most accurate result.
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Last reviewed: 30 August 2026. Figures and methodology are reviewed as UK rates and rules change.