Car PCP Finance Calculator

Compare the latest PCP finance deals including PCP car loans for bad credit and debt consolidation using our Online PCP Car Loan Calculator. Take a look at the results of your PCP calculation below.

PCP Car Loan Calculator
  Car Loan Repayment Term
1 Year
12 months
3 Years
36 months
5 Year
60 months
10 Years
120 months

PCP Car Finance Calculation:

Our PCP Calculator allows you to calculate and compare multiple PCP deals on both new and used cars. Using the PCP Calculator you are able to:

  1. Produce an unlimited number of PCP quotes and comparisons in only a few clicks.
  2. Access a variety of guides that will help you understand PCP Finance Deals.

An Introduction to PCP

The most common loan agreement that is taken out to fund car purchases is PCP. A PCP loan agreement allows the buyer to put down a very small deposit, or even none at all, when purchasing a new car but still have small monthly payments. Once the PCP contract is up, the car has to be returned to the dealership or a final payment must be made, otherwise known as purchasing the car.

Using the PCP Calculator

Using the PCP Calculator will give you access to working out the amount that your monthly car loan repayments will amount to when you have taken out a PCP car loan. The calculator will also display an illustration showing you the exact amounts you should expect to be repaying each month. When taking out a PCP car loan you should:

  • Use our interest calculator to give you an illustration of the monthly car loan repayments that you will be making.
  • Before committing to a car loan agreement, review the car loan borrowing considerations.
  • Take some time to review whether you actually wish to commit to the monthly interest repayment before you fully commit to it.
  • Remember that once the PCP contract has ended, you have to decide whether you want to pay off the car and purchase it, or return it to the dealership.

Things to Consider When Taking Out a Car Loan

  • Affordable: Make sure that you are able to afford the repayments that are to come on your car loan. You are the only one who really knows whether or not you can invest in a new car, and whether or not taking out loans will only cause more financial struggles in the future.
  • Research: It's important to research on better deals. Some banks run promotions at certain times of the year, so never presume that one bank is better than the other. Banks are a lot cheaper when it comes to interest than car dealerships.
  • Interest Rates: Make sure you fully read into the interest rates applied to the car loan. You may think that you are getting an incredibly deal with a low-interest rate, but on the other hand you may have to pay that loan off for another couple of years meaning you are paying a noticeably larger amount.
  • Borrow Little, Repay Quickly: It's important that you don't get out of your depths with your loan. Borrow the minimum amount you need to take out the loan, and repay it as soon as you can.
  • Pay Day Loans: Never use a Pay Day lender, this is a fantastic way to completely destroy your financial credibility. These lenders have no consideration of your well-being and will help destroy your financial situation as long as it benefits them. Avoid them at all costs.
  • Don't Lend at All: Although it may be difficult in the current day and age, try to avoid taking out a loan all together. It may be tempting to get that little extra money to buy your car, but it will feel a lot better if you earn the money yourself.
  • Choose Between a Personal Loan or a Car Loan: Again, do your research. Although personal loans usually offer far better interest rates than car loans. Car dealerships are known to push you towards taking out loans which have a ridiculous APR rate. When you're looking to invest in buying a new car, be patient and look at different lenders.
  • Personal Contract Purchase (PCP): PCP's are becoming increasingly popular over recent years. This is because they allow there to be no deposit required for a loan. Although PCP's are often a good choice, be aware of the risks you are taking with them.

Try our car depreciation calculator to estimate how much your car will be worth after a number of years.


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