Personal Contract Purchase (PCP) finance agreements have become a popular way to buy a car in the UK. Many drivers realise they may have been mis-sold these agreements due to unfair terms or high exit costs. If you’re unsure whether you’re eligible for a refund, a PCP claims calculator can provide an instant estimate based on your finance agreement details.
How PCP Claims Calculators Work
PCP claims calculators assess your contract terms, monthly payments, and residual value to determine a possible compensation amount. They use financial models to compare your agreement against fair lending practices. By entering your details, you can quickly see whether your contract includes unfair terms or excessive interest rates.
Most calculators require your lender’s name, agreement start date, and monthly payment details. Some tools also request the total amount financed and balloon payment figures to refine the estimate. Once you submit your details, the calculator provides a potential refund estimate based on past claims and regulatory guidance.
Top PCP Claims Calculators in 2025
1. FairCheck PCP Claims Calculator
FairCheck is one of the most accurate calculators for PCP claims. It analyses your agreement against Financial Conduct Authority (FCA) guidelines and past rulings. Users report that FairCheck provides refund estimates within 30 seconds. The tool considers undisclosed commission rates, excessive interest charges, and unfair exit fees.
A 2024 study by the FCA found that 41% of UK car finance agreements included undisclosed commissions. FairCheck highlights whether your deal involved secret fees that inflated your costs. It also provides a direct link to legal assistance if you wish to pursue a claim.
2. AutoFinance Refund Checker
AutoFinance Refund Checker is a free online tool designed for quick PCP claim assessments. It estimates refunds based on high court rulings and FCA investigations into mis-sold finance agreements. Users only need to enter basic contract details to receive an instant result.
According to recent consumer reports, over 500,000 UK motorists may have been mis-sold PCP finance due to hidden charges. AutoFinance Refund Checker compares your contract terms with similar cases that resulted in successful claims. If your agreement matches known unfair practices, the tool suggests possible refund amounts.
3. Car Loan Compensation Estimator
Car Loan Compensation Estimator helps UK drivers check whether they overpaid for their PCP finance. This tool focuses on commission structures, interest rates, and hidden fees. It has helped thousands of drivers determine whether they were mis-sold their agreements.
Research by the UK Competition and Markets Authority found that some lenders charged up to 40% in commission fees without informing customers. Car Loan Compensation Estimator highlights whether your deal involved excessive charges. It also provides a breakdown of how refunds are calculated.
Why Use a PCP Claims Calculator?
A PCP claims calculator is the easiest way to check whether you’re eligible for a refund. Many UK drivers unknowingly signed agreements with hidden commissions or inflated interest rates. Using an online tool helps you identify potential overpayments without needing a financial expert.
If your results indicate possible mis-selling, you can take further action by contacting a claims specialist or legal advisor. Some calculators also connect users with no-win, no-fee solicitors who handle finance disputes. Given the ongoing FCA investigations, now is the time to check your PCP finance agreement for unfair terms.
Final Thoughts
PCP claims calculators are essential tools for anyone questioning their car finance agreement. The best options in 2025 include FairCheck, AutoFinance Refund Checker, and Car Loan Compensation Estimator. These tools provide instant estimates and highlight potential mis-selling based on FCA guidelines.
If you suspect your PCP finance agreement included unfair charges, using a claims calculator is the first step. With over half a million UK drivers affected, checking your contract now could help you recover money owed from mis-sold car finance deals.
