PCP Equity Calculator
Enter your contract details to see your settlement figure, voluntary termination eligibility, and how much you've paid so far — no account needed.
Track it over time with a free account
Save your contract, log mileage, and watch your equity position update automatically.
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What each result means
Settlement figure
The amount you'd need to pay today to own the car outright and close your finance agreement. It's estimated from your remaining monthly payments plus the balloon (GMFV), minus an interest rebate for early repayment — so it falls faster early in the contract than near the end.
Calculator figures are accurate enough for planning, but your lender must provide a formal written quote within 7 working days of your request (valid for 28 days) under the Consumer Credit Act. Get that before making any financial decision.
Voluntary termination threshold
The point at which you've paid 50% of the total amount payable — your deposit, every monthly payment, and the balloon combined. Once you cross it, you have a legal right under Section 99 of the Consumer Credit Act 1974 to return the car with nothing more owed, subject to fair wear and tear and any clearly-disclosed excess mileage charges.
The threshold often falls later than people expect. Because the balloon is included in the total, it typically sits around 70–80% through the contract on agreements with a small deposit.
Equity position
Your car's current market value minus your settlement figure. Positive equity means the car is worth more than you owe — that difference can be used as a deposit on your next vehicle. Negative equity is normal for most of a PCP contract, since depreciation front-loads the drop in value while the settlement figure falls more slowly.
To use this figure, enter your car's current market value in the calculator. Useful benchmarks: We Buy Any Car gives you the guaranteed floor; Auto Trader or Motorway give you the private sale ceiling.
Mileage projection
Based on your miles driven so far, the calculator projects your total mileage at the end of the contract. If that exceeds your total allowance, it estimates the excess charge using the pence-per-mile rate from your agreement.
Mileage excess and equity are calculated independently — you can be in positive equity and over on mileage, or underwater on the settlement and well within your allowance. The two figures don't affect each other.