PCP vs HP calculator
Put the same car into a PCP and a hire purchase deal and see the difference — monthly payments, the total cost if you keep the car, and what you'd pay if you hand it back.
An illustrative estimate using the figures you've entered — not a quote, a loan offer or financial advice. Real deals may include fees (such as an option-to-purchase fee) and your APR depends on your circumstances. Always compare the total amount payable on the actual quotes before signing.
Find a car in your budgetHow to read the results
Monthly payment is what most adverts lead with, but it's the least useful number for comparing deals. PCP will almost always look cheaper per month because part of the price is pushed into the final payment.
Total if you keep it is the fairest comparison if you want to own the car: every payment plus the deposit, and for PCP the balloon too.
Total if you hand it back is what PCP costs if you return the car at the end — including any excess mileage. You won't own anything, so weigh it against HP, where you're left with a car you can keep or sell.
For a full explanation of both types of finance, your legal rights and what to check before signing, read our car finance guide. To estimate a single deal, use the car finance calculator, or set a realistic budget with the affordability calculator.