Guides
PCP Finance Guides
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.
26 October 2026 · 8 min read
Negative Equity on a PCP: How to Get Out, and Which Way Is Cheapest
In negative equity on your PCP? Compare selling and paying the gap with Voluntary Termination, with a worked example showing which exit is cheaper and when.
EquityEarly ExitVoluntary Termination2 October 2026 · 5 min read
Black Horse Voluntary Termination: How to Hand Your Car Back
How Black Horse handles Voluntary Termination step by step: checking your VT figure online, the VT pack, BCA collection, the 30-day payment window and your credit file.
Voluntary TerminationLenders2 October 2026 · 5 min read
VW Financial Services Voluntary Termination (Audi, SEAT, Škoda)
How to voluntarily terminate a Volkswagen Financial Services PCP or HP agreement, covering VW, Audi, SEAT, CUPRA and Škoda: contacts, shortfalls, payment plans and your credit file.
Voluntary TerminationLenders2 October 2026 · 5 min read
Ford Credit Voluntary Termination: How to End Your Agreement Early
How to use your Section 99 Voluntary Termination right on a Ford Credit PCP or HP agreement: how to ask, what to include, what you might owe, and Ford Credit's contact details.
Voluntary TerminationLenders25 August 2026 · 7 min read
Voluntary Termination Calculator: Work Out Your 50% Threshold
How to calculate your Voluntary Termination amount under Section 100 of the Consumer Credit Act 1974, with a full worked example showing whether you owe a shortfall or nothing at all.
Voluntary TerminationCalculator30 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 Rights30 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 RightsCancellation29 June 2026 · 8 min read
PCP Early Settlement: What You'd Pay to Exit Today (Worked Example)
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 ExitCalculator27 June 2026 · 8 min read
What Happens at the End of a PCP? Your 3 Options at the Final Payment
At the end of a PCP you can hand the car back, pay the balloon (optional final payment) and keep it, or part-exchange at any dealer. What each costs, and what to do if you can't afford the balloon.
End of ContractEquitySettlement26 June 2026 · 7 min read
Can You End a PCP Early? Hand Back, Pay Off or Change Your Car
Yes, you can end a PCP early, even after 1 or 2 years. Compare handing the car back (Voluntary Termination), paying it off, part exchange and selling: what each costs.
Early ExitYour RightsSettlement19 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 Exit15 June 2026 · 7 min read
How PCP Finance Works: Every Number on Your Agreement Explained
What PCP means, how the deposit, monthly payments and optional final payment fit together, and what every figure on your agreement is for, with a worked example.
CalculatorMileageEquity12 June 2026 · 12 min read
PCP Voluntary Termination: Hand Your Car Back at 50%
How PCP voluntary termination works under Section 99: when you can hand the car back, what you owe, excess mileage, and what it means for your credit file.
Voluntary TerminationYour Rights12 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.
EquitySettlement