Money / ACTUALLY USEFUL
Car finance: PCP vs HP vs loan
Compare monthly payments and the total cost to own the same car.
YOUR NUMBERSResults update as you type
Amount financed£21,000.00
PCP monthly payment£333.86
PCP paid if returning car£20,025.25
PCP ownership requires paying the balloon. Returning the car avoids that payment but leaves you without the car; mileage and condition charges may apply. Enter the contractual annual interest rate, not a flat rate; APR including fees can differ.
Detailed breakdown (3 rows)
| Plan | Monthly | Final balloon | Interest | Total to own incl. fees |
|---|---|---|---|---|
| PCP | £333.86 | £10,000.00 | £5,025.25 | £30,025.25 |
| HP | £511.69 | £0.00 | £3,560.94 | £28,560.94 |
| Bank loan | £498.01 | £0.00 | £2,904.67 | £27,904.67 |
Method & assumptions
Illustrative projection, not a lender quote. Constant interest rate divided by 12, monthly end-of-month payments, no early repayment charges, rate changes or daily interest. Lender rounding and contract terms can change the result.