Monthly Payment
£608
per month for 36 months
Total Cost
£24,903
inc. deposit
Cost Breakdown
PCP vs Personal Lease — What Is the Difference?
PCP (Personal Contract Purchase) means you have the option to buy the car at the end by paying the balloon/residual value. A personal lease (PCH) means you never own the car — you hand it back at the end. PCP is more flexible but typically slightly more expensive. Both keep monthly payments lower than HP by deferring part of the cost.
What Affects Your Monthly Payment?
Four main factors: the car price, your deposit size, the term length, and the APR. A larger deposit reduces monthly payments. A longer term spreads the cost but you pay more interest overall. Manufacturer deals often offer 0% or low APR on specific models — always compare the total cost, not just the monthly figure.
Hidden Costs to Watch
Mileage limits — typically 8,000-10,000 miles per year. Exceed them and you will pay 5-10p per extra mile. Damage charges on return. Early termination fees (you usually cannot cancel before half the payments are made). Gap insurance is strongly recommended — if the car is written off, your insurer pays market value, not what you owe.
Sources & Citations
FCA Consumer Credit Regulations. Money Helper (MoneyAdviceService) PCP Guide. BVRLA Leasing Guidelines.
This calculator provides estimates using a simplified flat-rate method. Actual dealer quotes may differ. Always review the full credit agreement before signing.