PCP Claim Calculator UK | Estimate Your Car Finance Refund

PCP Claim Calculator

Use this PCP Claim Calculator to estimate a possible refund on a UK PCP or HP car finance agreement. Enter the figures from your agreement to see an indicative range, not a guaranteed payout.

1. Check Your Eligibility

2. Calculate Your Claim

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Where do I find this info?
Check your original finance agreement. Look for the "Cash Price", "Total Amount of Credit", "APR", and "Balloon" (also called GMFV or Final Payment).
Car Details
Finance Details
Found on your agreement.
Optional Final Payment guaranteed at the end.
Fairness Scenario
We adjust the APR by 1.5% to 4.5% to estimate hidden commission.

What this calculator does

This PCP Claim Calculator helps you estimate a possible refund linked to commission on a UK PCP or HP motor finance agreement. It is designed for a quick, plain-English estimate using the figures on your finance paperwork.

What you’ll need

Have your finance agreement ready. You will need the vehicle cash price, deposit, term length, APR and agreement start date. For PCP, you may also need the Guaranteed Minimum Future Value (GMFV), balloon payment or final payment figure.

How the estimate works

The calculator estimates the interest paid at your APR and compares it with a lower illustrative APR. The difference is shown as a possible redress figure. The real result can be different because lenders and official schemes use their own evidence and rules.

Methodology & assumptions

  • Interest calculation: Uses standard compound interest amortisation formulas for PCP and HP.
  • Fair APR presets: Conservative (-1.5%), Moderate (-3.0%) and Aggressive (-4.5%) are used as simple estimate levels.
  • Uplift: Adds illustrative 8% simple interest from the mid-point of the agreement to today when a start date is entered.

Frequently asked questions

What is a hidden commission arrangement?

It can happen when a dealer or broker receives commission from the lender and the customer is not clearly told important details about that arrangement. In some cases, this may have affected the cost of the finance.

Am I eligible to claim?

You may be able to complain if you used finance to buy a car, van, motorbike or similar vehicle between 6 April 2007 and 1 November 2024, and important commission information was not properly explained to you. 0% APR agreements and leases are generally less likely to be included.

How much will I get back?

It depends on your agreement, APR, borrowing amount, commission arrangement and the rules applied to your case. This calculator gives an estimate only, so the actual refund could be lower, higher or zero.

Does this apply to 0% APR finance?

Usually, 0% APR finance is less likely to produce an interest-based refund because there was no interest rate to increase. Still, you can check your paperwork if you are unsure about fees or commission information.

Is there a deadline to claim?

Deadlines can depend on the FCA scheme, complaint-handling rules and your own circumstances. If you are concerned, complain to your lender directly and keep a copy of your complaint.

What if I have already settled the car?

You may still be able to complain even if the agreement has ended, the car was traded in or the finance was settled early. The lender will look at the agreement and available records.

Do I need a claims management company?

No. You can complain to your lender yourself for free. A claims management company or law firm may take a fee from any refund, so check the terms carefully before signing anything.

What information do I need to make a complaint?

Useful details include the lender name, dealer or broker name, agreement number, vehicle registration, start date, finance type, APR, term, deposit and any final payment. If you do not have the paperwork, ask the lender for a copy.