About PCP Calculator UK

PCP Calculator UK is a free tool that helps you understand the real cost of PCP car finance before you walk into a dealership. We built it because dealer finance offers are designed to emphasise monthly payments while obscuring total cost. Our calculator shows you both.

How we calculate

Our calculator uses the standard flat-rate to APR conversion method. When you enter a car price, deposit, term, APR, and balloon payment, we calculate your monthly payments using the reducing-balance interest method (which is how PCP interest actually works, despite dealers sometimes quoting a flat rate).

The formula accounts for interest accruing on the full balance (including the balloon) throughout the term, with monthly payments reducing only the non-balloon portion. This matches how real PCP agreements are structured by FCA-regulated lenders.

Our data sources

Average APR figures come from the FCA's Motor Finance Data reports and the Finance & Leasing Association's (FLA) quarterly statistics. GMFV ranges are based on published residual value guides from CAP HPI and Glass's. We update our default assumptions quarterly.

What this tool isn't

This isn't a finance application or a quote. We don't sell finance, and we don't take commission from any lender. The figures are estimates to help you understand what a deal costs before you negotiate. Your actual APR will depend on your credit score, the specific lender, and any manufacturer subsidies.

Who runs this site

PCP Calculator UK is operated by Quicksolve Digital Ltd, a company registered in England and Wales (Company No. 17385486). We build free financial calculator tools for UK consumers.

Contact

For corrections, data queries, or partnership enquiries: hello@pcpcalculator.uk