PCP Settlement & Negative Equity

If you want to change your car before a PCP agreement ends, what you owe (the settlement figure) might be more than the car is worth. This estimates both, and what carrying that shortfall into a new deal actually costs once interest is included.

Equity

Your situation

I already have my settlement figure

Your lender's quotation is the only authoritative figure

Original car price

Original deposit

APR

Full term

months

Balloon (GFV)

Payments made so far

pmts

Car's current market value

Negative equity (estimate)

£1,849

Estimated settlement

£17,049

Market value

£15,200

If you roll this into a new deal

New deal term

Assumed APR on new deal

Before any financing cost: at least £39/mo of extra capital over 48 months. Financed at 9.9% APR, it actually adds closer to £47/mo — interest applies to the rolled-over amount too.

Estimated figures are for guidance only. Your finance provider must confirm the exact settlement amount.

Your lender's settlement quotation is the only authoritative figure — this is an estimate for planning purposes.

Last reviewed: 30 August 2026. Figures and methodology are reviewed as UK rates and rules change.