PCP Car Finance Calculator

Why choose Forza Finance for PCP Finance?

Are you considering a Personal Contract Purchase (PCP) for your next vehicle? Our PCP Calculator is designed to help you understand the costs involved and make the process as transparent as possible.

PCP finance can be a fantastic way to drive the car of your dreams without breaking the bank. However, it can be a bit complex to understand. That's where our PCP Calculator comes in. It's a simple, user-friendly tool that breaks down the costs for you, so you can plan your finances with confidence.

Simply input the total price of the car, your desired deposit, the length of the contract, and the estimated annual mileage. Our calculator will do the rest, providing you with an estimated monthly payment.

Our PCP Calculator is more than just a tool. It's a guide that helps you navigate the world of car finance. It empowers you to make informed decisions, giving you the confidence to negotiate the best deal possible.

We believe in transparency and want to help you understand every aspect of your PCP agreement. That's why we've also included a comprehensive guide on PCP finance. Here, you'll find everything you need to know about PCP, from how it works to its pros and cons.

So, why wait? Start planning your car finance today with our PCP Calculator. It's quick, easy, and free to use.

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Your car finance questions

What is PCP Finance?

Personal Contract Purchase (PCP) is a type of car finance agreement. It involves paying a deposit, followed by monthly instalments over a set period. At the end of the term, you have the option to return the car, make a final payment (also known as a balloon payment or Guaranteed Future Value) to own it, or use any equity towards a new car.

How is the Guaranteed Future Value (GFV) calculated?

The GFV is the predicted worth of the car at the end of the PCP agreement, taking into account factors like the car's age, the contract length, and your estimated annual mileage. It's set by the finance company at the start of the agreement.

What happens if I exceed the agreed mileage?

If you exceed the agreed mileage, you'll usually have to pay an excess mileage charge. This is typically a few pence per mile and can add up, so it's important to estimate your mileage as accurately as possible at the start of the agreement.

Can I end my PCP agreement early?

Yes, you can usually end your PCP agreement early, but there may be fees involved. If you've paid off more than half of the total finance amount, you can return the car without any additional charges. This is known as Voluntary Termination.

What happens at the end of my PCP agreement?

At the end of your PCP agreement, you have three options: return the car with nothing more to pay (assuming it's in good condition and within the agreed mileage), make the final balloon payment to own the car outright, or trade it in for a new car, using any equity as a deposit if the car's value is more than the GFV.