Car finance calculator

Good credit
Bad credit
Amount to borrow:
To repay over:
5 Years
Car finance rate XX% APR
Cost of credit £ XXX
Total repayment £ XX,XX.XX
48 monthly payments of
£ 245 /mo

Representative example - Borrowing £5,500 over 4 years with a representative APR of 19.8%, and a deposit of £0, the amount payable would be £162 per month, with a total cost of credit of £2,282 and a total amount payable of £7,782.

How PCP car finance works


Find a deal

Submit your details and choose from a fantastic range of car finance deals.


Final arrangements

If successful we’ll organise everything with the lender.


Enjoy your new car

All that’s left to do is to enjoy your new car for the duration of your contract.

What is balloon payment

A balloon payment is a lump sum owed to the car finance company or bank at the end of the finance agreement.

What is PCP balloon payment refinance

A balloon payment is the final repayment at the end of a PCP (Personal Contract Purchase) car finance contract which you must do in order to own the vehicle. Here at we can help you to get finance arranged for your PCP balloon payment. You can keep your car with monthly repayments that will suit your budget and affordability.

How to refinance your PCP balloon payment?

Many people have a problem of finding cash to pay the PCP balloon off at the end of the agreement. This is why we offer our customers the chance to refinance their balloon payment balance. We can often get our customers refinance at a better rate than the initial car finance agreement.

To get your ballon payment finance, follow these steps:


Step 1 - Make an application

Your dedicated account manager will get your approved for the ballon refinance deal.


Step 2 - Decide your budget

Understand your finance options and decide on refinance term and monthly repayments.


Step 3 - Your balloon payment is refinanced

Carplus will repay the PCP balloon payment to your car finance company and the car is yours.

Questions? Speak to a real person

Comparing car finance and car warranties is what we do, so you will get through to someone who can help. Call us from Monday to Friday (8am - 8pm) and Saturday to Sunday (9am - 6pm).