PCP Finance Guides
Plain-English guides to help UK drivers understand their PCP contract.
PCP agreements are one of the most common ways to finance a car in the UK — but the terms can be difficult to unpick. These guides cover the things your lender won't always explain clearly: how your settlement figure is worked out, when you're in positive or negative equity, and what your legal rights are if you want to exit early.
Topics include Voluntary Termination under the Consumer Credit Act, how to read your equity position, what the balloon payment means for your options at the end of the term, and how to use a PCP calculator to stay on top of your contract throughout.
30 July 2026 · 7 min read
Can You Change Your Car on PCP Early? Why It's Not a Simple Swap
Thinking about changing your car before your PCP agreement ends? You can't simply swap it — you have to end your current deal first. Here's how, and which route costs least.
Early ExitYour RightsRead more →30 July 2026 · 6 min read
Can You Cancel Your PCP Within 14 Days? Yes — Here's How
Most PCP agreements come with a statutory 14-day right of withdrawal under the Consumer Credit Act — separate from Voluntary Termination. Here's when it applies and how to use it.
Your RightsCancellationRead more →29 June 2026 · 8 min read
PCP Early Settlement Calculator: Work Out What You'd Pay to Exit Today
How the PCP early settlement calculation works under UK law, with a step-by-step worked example, the 28-day and 58-day rules explained, and a decision framework for whether to settle now.
SettlementEarly ExitCalculatorRead more →27 June 2026 · 7 min read
What Happens at the End of a PCP Agreement: Your 3 Options
When your PCP deal ends you have three choices: hand the car back, pay the balloon and keep it, or use your equity toward a new deal. Here's what each one involves for UK drivers.
End of ContractEquitySettlementRead more →26 June 2026 · 6 min read
End Your PCP Early: 4 Options Compared for UK Drivers
Want to end a PCP agreement early? Your four options are Voluntary Termination, early settlement, part exchange, and selling — here's what each costs and when to use it.
Early ExitYour RightsSettlementRead more →19 June 2026 · 4 min read
PCP Settlement Figure: How It's Calculated and How to Get the Exact Number
How your PCP settlement figure is actually worked out, why lenders can add up to 58 days of extra interest, and how to request the formal quote from your lender.
SettlementEarly ExitRead more →15 June 2026 · 6 min read
What Your PCP Numbers Mean: Settlement Figure, Equity & VT Explained
A plain-English guide to understanding your PCP results — what the settlement figure, voluntary termination threshold, mileage projection, and equity position actually tell you.
CalculatorMileageEquityRead more →12 June 2026 · 12 min read
Voluntary Termination on PCP: The Right Most Drivers Don't Know They Have
Learn how voluntary termination on PCP works under Section 99 — when you can return your car, what you owe, and whether excess mileage charges apply.
Voluntary TerminationYour RightsRead more →12 June 2026 · 9 min read
PCP Equity Check: How to Calculate Your Position and What to Do Next
Step-by-step PCP equity check for UK drivers: get your settlement figure, find your car's market value, work out your equity position, and understand your options.
EquitySettlementRead more →