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Motorhome Finance Calculator

Motorhome PCP Calculator

Work out your monthly Personal Contract Purchase payment, the balloon payment (GMFV), and the total cost of credit on UK motorhome finance.

Motorhome PCP Calculator

Set the vehicle price, deposit, term, APR, and balloon payment to see your monthly PCP payment, the optional final payment, and total cost.

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£5,000£250,000
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£0£45,000
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1%25%
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£4,500£27,000

PCP Results

Monthly Payment£758.32
Final Balloon Payment£13,500.00
Total Cost£54,899.41
Total Interest£9,899.41
Ownership at EndOptional - pay balloon to own

At the end of your PCP term, you have 3 options:

  1. 1Hand it back — return the motorhome with nothing more to pay (subject to condition and mileage)
  2. 2Pay the balloon — pay £13,500.00 to own the motorhome outright
  3. 3Part-exchange — use any equity above £13,500.00 as a deposit on a new vehicle

In plain English: You'll pay £758.32 per month for 4 years, after putting down a £5,000.00 deposit. At the end, you can either hand the motorhome back, pay a final £13,500.00 balloon payment to own it, or use any equity as a deposit on a new vehicle. If you keep and pay the balloon, total cost is £54,899.41.

Affordability Check

28.1% of income

Stretched

Based on UK median gross income of £2,700.00/month. Guideline: keep finance below 25-30% of income. Check with your actual income →

Compare with Hire Purchase·Check affordability·HP vs PCP vs Lease

How motorhome PCP finance works

Personal Contract Purchase (PCP) is one of the most popular ways to fund a motorhome in the UK. It keeps monthly payments low by deferring a large chunk of the cost — the balloon payment — to the very end of the agreement.

The three parts of a PCP deal

Every PCP agreement is built from three components: an upfront deposit (usually 10–20% of the price), a run of fixed monthly payments, and a final balloon payment known as the Guaranteed Minimum Future Value (GMFV). You only finance the gap between the purchase price and the balloon, plus interest, which is why the monthly figure is lower than the equivalent Hire Purchase.

The lender calculates the GMFV from the motorhome's predicted value at the end of the term, based on the agreed annual mileage. Set a higher mileage and the predicted future value falls, which pushes your monthly payments up.

Your three choices at the end of the term

When the agreement ends you can pay the balloon and keep the motorhome outright; hand it back to the lender with nothing more to pay, provided it is within the agreed mileage and in fair condition; or part-exchange it, using any value above the balloon as a deposit towards your next vehicle.

Because motorhomes generally hold their value better than cars, well-kept examples often end the term worth more than the GMFV. That positive equity can become the deposit on your next motorhome, which is a key reason buyers who like to change vehicles every few years favour PCP.

PCP versus Hire Purchase for a motorhome

The trade-off is simple: PCP gives you lower monthly payments but you only own the motorhome if you pay the balloon, and you are tied to a mileage limit. Hire Purchase has higher monthly payments but no mileage cap, and you own the vehicle automatically once the final payment clears.

If you tour heavily, plan to keep the motorhome for many years, or simply want certainty of ownership, Hire Purchase frequently works out cheaper overall. If you value a lower monthly outlay and the option to walk away or upgrade, PCP is usually the better fit. Use the calculator above, then compare the same vehicle on our HP calculator to see both numbers side by side.

Reading the results

The monthly payment is what leaves your account each month. The balloon (GMFV) is the optional lump sum due at the end if you want to keep the motorhome. Total cost adds your deposit, every monthly payment, and the balloon together, while total interest (the cost of credit) is the difference between that total and the cash price.

All figures are illustrative and use standard UK finance formulas with APR (not a flat rate). A real quote may differ once a lender adds an option-to-purchase fee or documentation charge, so always confirm the exact terms with an FCA-authorised broker before committing.

Motorhome PCP calculator FAQs

A PCP calculator splits your motorhome's price into three parts: your deposit, a series of monthly payments, and a final balloon payment (the Guaranteed Minimum Future Value). You only repay the difference between the price and the balloon over the term, plus interest, which is why monthly payments are lower than Hire Purchase. Enter the vehicle price, deposit, term, APR, and balloon, and the calculator returns your monthly payment, the optional final payment, and the total amount payable.
The balloon payment, formally the Guaranteed Minimum Future Value (GMFV), is a large lump sum due at the end of a PCP agreement. The lender sets it based on the motorhome's predicted resale value at the end of the term, factoring in the agreed annual mileage. At term end you can pay the balloon to own the motorhome, hand it back with nothing more to pay (subject to mileage and condition), or use any equity above the balloon as a deposit on your next vehicle.
PCP suits buyers who want lower monthly payments and the flexibility to change their motorhome every few years. Because motorhomes tend to depreciate more slowly than cars, the balloon (GMFV) can be relatively high, keeping monthly payments down and often leaving equity at the end. PCP is less suited to high-mileage owners (excess mileage charges apply) or anyone who definitely wants to own the vehicle outright, where Hire Purchase usually costs less overall.
Representative APR on motorhome PCP commonly sits around 8.9%, ranging from roughly 5.9% for borrowers with excellent credit to 15% or more for impaired credit. Your rate depends on your credit profile, the lender, the age and value of the motorhome, and the deposit. Even a one or two percentage-point difference in APR changes the total cost noticeably over a typical four-year PCP term, so it is always worth comparing quotes.
You can, but it costs money. PCP agreements set an agreed annual mileage (typically 8,000 to 15,000 miles for a motorhome). If you hand the vehicle back having exceeded it, you pay an excess mileage charge, usually between 5p and 15p per mile. If you are touring extensively, set a realistic mileage at the outset or consider Hire Purchase, which has no mileage restrictions.
Yes. Under the Consumer Credit Act you have the right to settle a PCP agreement early. The lender must provide a settlement figure that includes a rebate of future interest. Settling early on PCP also means deciding whether to pay the remaining balance including the balloon to keep the motorhome. Our early settlement calculator can estimate the figure and the interest you would save.

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Calculate your motorhome finance early settlement figure. See how much you could save in interest by paying off your HP or PCP agreement early.

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Glossary

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