PCP Calculator
Simplifying Car Finance and Comparison

Car Finance Calculator

✔ Comparing Car Finance options can become confusing. This simple car finance calculator allows you to quickly enter a loan amount, interest rate and term of the finance to produce a list of the total amount borrowed and repaid over a number of years.

Car Finance Calculator

The Car Finance calculation below provides examples of monthly finance repayments over different terms (years/months) with your selected term shown in the right column. This allows you to compare monthly repayments and have visibility of the true amount of interest (in percentage terms) that you will pay during the full term of the loan. Note: Your personal car finance calculation is provided in the first column, the remaining payment options are for your comparison.

How to Use the Car Finance Calculator

Our Car Finance Calculator is designed to help you estimate the monthly payments for your car finance plan. Whether you are considering Personal Contract Purchase (PCP), Hire Purchase (HP), or a standard car loan, our calculator offers an easy and quick way to understand your financial commitment.


  1. Enter the Car Value: Input the total value of the car.
  2. Input the Deposit: Enter the amount you'll be paying upfront as a deposit.
  3. Select the Annual Interest Rate: Enter the applicable annual percentage rate (APR) for your loan.
  4. Choose the Loan Term: Enter the number of months you'll be repaying the loan.
  5. Calculate: Click the "Calculate" button to see your estimated monthly payment.

Example of the Calculation Formula:

financedAmount = carValue - deposit
monthlyInterestRate = annualInterestRate / 12
monthlyPayment = financedAmount × (monthlyInterestRate / (1 - (1 + monthlyInterestRate)-loanTerm))

The result provides an estimated monthly payment, allowing you to plan and budget accordingly. Always consult with a financial professional to understand the exact terms and conditions of your car finance plan.

Welcome to the Car Finance Calculator

Embarking on the journey of purchasing a car can be both exciting and overwhelming. Understanding the financial implications is crucial to making an informed decision. Our Car Finance Calculator simplifies this process by offering a user-friendly interface to estimate monthly payments, total interest, and overall costs for various car finance options such as Personal Contract Purchase (PCP), Hire Purchase (HP), and car loans.

Calculate Your PCP Payments

The Personal Contract Purchase (PCP) is a popular choice for many car buyers. By entering key details like car value, deposit, interest rate, and loan term, our PCP calculator offers quick and accurate insights into your potential monthly payments. It helps you align your car aspirations with your budget and make wise financial choices.

Understand Hire Purchase (HP) Agreements

Looking to own the car at the end of the finance term? Our Hire Purchase (HP) calculator is designed to assist you in understanding the fixed monthly installments and total cost under an HP agreement. With just a few clicks, you can gauge the financial commitment required.

Explore Leasing Options

If leasing is on your radar, our Car Finance Calculator provides a clear perspective on monthly leasing costs. You can easily compare different scenarios and choose the one that fits your needs best. The calculator enables you to make confident leasing decisions that align with your financial situation.

Compare Car Loans

Comparing car finance deals can be time-consuming and challenging. With our Car Finance Calculator, you can compare interest rates, monthly payments, and overall costs between different lenders and finance plans. It’s a valuable tool for finding the best deal that fits your budget and preferences.

Calculate Bad Credit Car Finance

Your credit score shouldn’t be a barrier to financing your dream car. Our calculator offers options to understand what car finance might look like with different credit scenarios. It helps you explore affordable options even if your credit score isn’t perfect.

Estimate Car Depreciation

Car depreciation is a significant factor to consider when looking at financing options. Our calculator offers a tool to estimate how the car’s value might change over the loan term, providing an additional layer of insight to aid in your decision-making process.


The Car Finance Calculator is more than just a tool; it’s a comprehensive guide designed to assist both new and experienced car buyers in navigating the complex world of car finance. By offering a user-friendly interface and detailed insights, it empowers you to make informed and confident decisions. Whether you’re exploring PCP, HP, leasing, or traditional car loans, the Car Finance Calculator is your go-to resource to understand, compare, and plan your car purchase.