Compare Vehicle Finance Calculator

Information and how to use

Are you looking to purchase a vehicle but are baffled by the various finance methods available for the same car? Use our comparison calculator to get a full breakdown of PCP, HP and Contract Hire and a simple figure to compare each deal against the other.

We have put our vehicle finance calculators together to allow a direct comparison of a vehicle over the ownership length you provide. We will estimate the future value of the car based upon the vehicle deprecation model selected, the age at purchase and your annual mileage. Using this figure as a basis we calculate the remaining balance owed on each finance method for you. For PCP you can either enter 0 to autocalculate the balloon or enter the value offered to you by a dealer/finance company.

Use the comparison figures to see which method of finance is best suited to you. Ownership of the vehicle depends on the method chosen. PCP requires all monthly payments plus payment of the balloon before the vehicles is owned by you. HP requires all monthly payments to be made. Contract hire is just a long term hire and you never own the vehicle.

Ending contracts early requires at least 50 percent of the total financed amount to be repaid on HP and PCP contracts. So if you have made more than 50 percent of repayments then you are able to hand the vehicle back but will not receive any refund.