PCP vs PCH Calculator
Should you finance with PCP or lease with PCH? Enter both deal details to compare the monthly cost, total outlay, and whether you want the option to own the car at the end.
Reviewed by Richard Ross · Last updated April 2026
How PCP vs PCH Calculator works
How this comparison works
The calculator computes your PCP monthly payment using the standard annuity formula applied to the net financed amount (vehicle price minus deposit minus the present value of the GFV). The PCH monthly rental is entered directly from your quote. Total outlay for PCP includes all monthly payments plus the GFV if you choose to buy; total PCH outlay includes the initial rental and all subsequent monthly payments. The comparison shows which product costs less in cash terms for your specific deal.
Further reading
PCP and PCH differ significantly on ownership rights, early exit costs, and mileage risk — not just monthly payment.
Read the full PCP vs PCH guide →Frequently asked questions
What is the difference between PCP and PCH?
PCP (Personal Contract Purchase) is a finance product — you borrow money to buy a car and can own it at the end by paying the balloon. PCH (Personal Contract Hire) is a long-term lease — you rent the car and return it at the end with no option to buy.
Is PCH cheaper than PCP?
PCH often has lower monthly payments because you are paying only for the use of the car, not building towards ownership. However, you have no asset at the end. With PCP, if the car is worth more than the GFV, you have equity.
Are maintenance and servicing included in PCH?
Some PCH deals include a maintenance package for an extra monthly cost, covering servicing, tyres, and breakdown cover. PCP agreements rarely include maintenance. Always check what is included in your specific quote.
Can I end a PCH lease early?
Early termination of a PCH contract usually incurs significant penalties — typically 50% of the remaining rentals. Unlike PCP and HP, PCH is not regulated by the Consumer Credit Act so there is no statutory right to voluntary termination.
These calculations are estimates based on 2026/27 HMRC and DVLA rates. Speak to a lender or qualified financial adviser for a personalised quote.