PCP Final Payment Calculator
Approaching the end of your PCP deal? Enter the guaranteed future value (GFV) and the car's current market value to see whether it makes financial sense to exercise the option to purchase, hand the car back, or use equity towards your next car.
Frequently asked questions
What is the PCP final payment?
The final payment (also called the optional final payment or GFV) is the amount you pay to own the car outright at the end of a PCP deal. It is set at the start of the agreement and guaranteed by the dealer.
What if my car is worth more than the GFV?
You have positive equity. You can buy the car at the GFV and immediately sell it for a profit, or use the equity as a deposit on your next PCP deal. Most dealers will handle this as a part-exchange.
What if my car is worth less than the GFV?
You have negative equity. The simplest option is to hand the car back — the guaranteed future value protects you. You owe nothing more (assuming the car meets fair wear and tear and mileage conditions).
Do I have to decide on the final day?
No. Most finance companies give you a window to decide. Contact your finance company before the end of the agreement to discuss your options. If you do nothing, the agreement may roll into a month-by-month payment at the same rate.
How do I find my car's current market value?
Check online valuation tools such as Auto Trader, Motorway, or WBAC (We Buy Any Car). Get multiple valuations for a more accurate picture. The dealer may also offer a part-exchange valuation.
These calculations are estimates based on 2026/27 HMRC and DVLA rates. Speak to a lender or qualified financial adviser for a personalised quote.