PCP Balloon Payment Calculator
Your balloon (Guaranteed Future Value) is the optional final payment that lets you own the car. This shows what paying it in cash versus refinancing it actually costs — and points you to the equity calculator if your car might be worth more than the balloon.
Your final payment
Which makes sense?
Paying cash avoids £1,222 of extra interest but needs the money upfront. Refinancing spreads £9,500 over 24 months at £447/mo — useful if you can't pay the lump sum, but it's rarely the cheapest option if you can.
Estimates only, based on the methodology stated above — actual lender or dealer figures may differ. RealCarCost is not a broker, lender or financial adviser, and nothing here is financial advice or a personal recommendation.
If your car could be worth more than the balloon, see the Negative Equity & Settlement calculator for the equity picture instead.
Last reviewed: 30 August 2026. Figures and methodology are reviewed as UK rates and rules change.