# Car finance calculator UK: PCP and HP payments | ComputeNow

URL: https://computenow.co.uk/car-finance-calculator/

> Work out monthly car finance payments for hire purchase or PCP, with deposit, APR, term, balloon payment and fees.

This calculator shows a worked example below. To use your own figures, add them to the URL as query parameters (listed in https://computenow.co.uk/llms.txt), for example https://computenow.co.uk/car-finance-calculator/?<parameter>=<value>.

[What's Left, step 3 of 7: Can I afford my car?](https://computenow.co.uk/money-plan/#steps)

# Car finance calculator

Work out the monthly payment and total cost of financing a car with hire purchase or a car loan.
Uses the APR you are quotedRates checked 18 October 2026
By the ComputeNow team, checked against GOV.UK and HMRC[Sources (1)](#sources)[How we calculate](https://computenow.co.uk/methodology/)

You'll pay
£444.15
a month for 4 years. In total the car costs £23,319, including £3,319 interest.

Where your money goes

- Borrowed £18,000.00 (77%)
- Interest £3,319.13 (14%)
- Deposit £2,000.00 (9%)

## What the car costs

| Item | Total |
| --- | --- |
| Amount borrowed | £18,000.00 |
| Interest | £3,319.13 |
| Deposit | £2,000.00 |
| Total cost of the car | £23,319.13 |

This is an estimate, not advice. For a PCP deal, add the final (balloon) payment under More options. Compare the total cost, not just the monthly payment.

### Next steps

- [Vehicle tax calculator](https://computenow.co.uk/vehicle-tax-calculator/?price=20000)Add the yearly tax on this car.

Added. [See what's left each month](https://computenow.co.uk/money-plan/)
[What's Left](https://computenow.co.uk/money-plan/) adds up your monthly figures from each calculator and shows what is left each month.
[You'll pay £444.15 Breakdown](#result)

## If money's tight, free help is available

It's confidential, it costs nothing and getting advice won't affect your credit score. These services help people every day with bills, borrowing and debts of any size:

- [MoneyHelper](https://www.moneyhelper.org.uk/en/money-troubles) backed by the government, with a free debt advice locator
- [Citizens Advice](https://www.citizensadvice.org.uk/debt-and-money/) online, by phone or in person near you
- [StepChange](https://www.stepchange.org/) debt charity, online advice any time
- [National Debtline](https://nationaldebtline.org/) free phone and webchat advice

## Hire purchase, PCP or a loan?

With hire purchase or a car loan you own the car once the last payment is made. PCP has lower monthly payments but a large optional final payment.
A longer term lowers each payment but raises the total interest. We turn the APR into a monthly rate the way lenders do, so the payment matches a typical quote.

## Related calculators

[Loan repayment calculator Monthly payments and total interest](https://computenow.co.uk/loan-repayment-calculator/)[Vehicle tax calculator Yearly vehicle tax (car tax) for your car](https://computenow.co.uk/vehicle-tax-calculator/)[EV salary sacrifice calculator What an electric car really costs you](https://computenow.co.uk/ev-salary-sacrifice-calculator/)

## Guides and help

### Our guides

[Car tax in 2026: rates for every car First-year rates, the standard rate and the expensive car supplement](https://computenow.co.uk/guides/car-tax-2026/)[UK interest rates and inflation today Average mortgage, savings, loan and card rates](https://computenow.co.uk/guides/uk-interest-rates-and-inflation/)

### Official services and free advice

[Check a firm is authorised FCA register: lenders, brokers and advisers](https://register.fca.org.uk/)[Financial Ombudsman Service Free help with complaints about a lender](https://www.financial-ombudsman.org.uk/)[Check MOT history GOV.UK: mileage and past faults before you buy](https://www.gov.uk/check-mot-history)

## Sources

Each source was last checked on 18 October 2026.

- [FCA: Understanding APR](https://www.fca.org.uk/consumers/credit-cards)
These results are an estimate, not financial advice. They use the 2026/27 rates in force on 24 October 2026 and the inputs shown, so your actual tax, pay or costs may differ. Before making a decision about your money, check the figures with HMRC or your provider, or speak to a regulated financial adviser. Free, impartial guidance is available from MoneyHelper.
This page explains the rules using the 2026/27 rates in force on 24 October 2026. It is general information, not financial advice. For decisions about your own money, speak to a regulated financial adviser, or get free, impartial guidance from MoneyHelper.