PCP Car Finance · 5 min
PCP deals only pay off part of the car. The rest is a big final payment, and until you pay it, the car isn't yours.
£4,300
more than the cash price, on a £25,000 car you keep.
The 10-second version
Here's what a £25,000 car looks like on a typical deal.
Deposit: £2,500
Paid upfront.
48 × £329
Four years of monthly payments.
Final payment: £11,000
Only if you want to keep the car.
Keep it and you pay £29,292 in total. Hand it back and you pay £18,292.
Pick one. PCP is a better fit for some people than others.
The same £25,000 car, three ways to pay.
PCP, hand back
£18,292
£2,500 + 48 × £329
Pay cash
£25,000
you own it from day one
PCP, keep it
£29,292
plus the £11,000 final payment
Illustrative figures. Handing back means you own nothing at the end, so it isn't a like-for-like comparison.
Ready to dive deeper? The full PCP Car Finance guide has the mechanics, worked examples and fine print.