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Motorhome Finance Calculator

Finance your next adventure with confidence

Compare HP, PCP, and personal lease options side by side. The UK's most comprehensive motorhome finance calculator with interactive charts and amortisation schedules.

Finance Types

Free to Use

Tools & Calculators

Your Path to the Right Finance

Follow these four steps to find and compare the best motorhome finance option

Take the Quiz

Find which finance type suits your needs

Compare Options

See charts and pick the best deal

Representative Example (Hire Purchase)

Borrowing £40,000.00 over 60 months with a deposit of £5,000.00 at 8.9% APR representative. Monthly payment: £828.39. Total amount payable: £54,703.65 (includes deposit). Total cost of credit: £9,703.65.

This calculator is for illustration purposes only and does not constitute financial advice. Always seek guidance from an FCA-authorised broker before entering a finance agreement.

Finance Calculator

Compare HP, PCP, and lease options side by side. Adjust the sliders to see how different terms affect your payments.

Quick start:

Vehicle Price

£5,000£250,000

Deposit

£0£45,000

Term (months)

APR

1%25%

HP Results

Monthly Payment£828.39

Total Cost£54,703.65

Total Interest£9,703.65

Amount Financed£40,000.00

You Own ItYes - after final payment

At the end of your HP term

After 60 monthly payments of £828.39, you will own the motorhome outright. There are no balloon payments or further obligations. You're free to keep it, sell it, or trade it in.

In plain English: You'll pay £828.39 per month for 5 years, after putting down a £5,000.00 deposit. The total cost comes to £54,703.65, of which £9,703.65 is interest. At the end, you own the motorhome outright with no further payments.

Affordability Check

30.7% 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 →

Check if you can afford this·Compare all 3 types side by side·See deposit impact

Compare

Compare Finance Types

Not sure which option is right for you? Here's how HP, PCP, and leasing compare at a glance.

Based on a £45,000.00 motorhome with £5,000.00 deposit at 8.9% APR

Feature	HP	PCP	Lease
Own it at the end?	Yes — after final payment	Optional — pay the balloon	No — return the vehicle
Monthly payment	£828.39/mo	£941.59/mo	£450.00/mo
Total cost	£54,703.65	£52,397.06	£21,600.00
Total interest	£9,703.65	£7,397.06	N/A (rental)
Deposit required	Typically 10–20%	Typically 10–20%	Initial rental (1–12 months)
Mileage limits	None	Yes (e.g. 8,000–15,000/yr)	Yes (agreed upfront)
Flexibility	Low — committed to full term	High — 3 options at end	Medium — return at end
Best for	Buyers who want to own outright	Those who change every few years	Fixed budget, no ownership need

Try the calculator with your own numbers·Not sure which is best? Take the quiz

How It Works

Four simple steps to understanding your motorhome finance options

Choose Your Finance Type

Select from Hire Purchase (HP), Personal Contract Purchase (PCP), or Personal Lease to see which best fits your budget and lifestyle.

Enter Your Details

Adjust the vehicle price, deposit, term length, and interest rate using our intuitive sliders. All calculations update instantly.

Compare Results

View your monthly payments, total cost, and interest across all three finance types. Interactive charts show exactly where your money goes.

Make an Informed Decision

Armed with a clear understanding of your options, speak to a motorhome dealer or finance broker with confidence. No sign-up or personal data required.

Motorhome Finance Guide

Everything you need to understand before financing a motorhome

What is Hire Purchase (HP)?

Hire Purchase is the most straightforward way to finance a motorhome. You pay a deposit upfront, then make fixed monthly payments over an agreed term (typically 1 to 10 years). Once all payments are made, you own the motorhome outright.

Because you're paying off the entire value of the vehicle (minus your deposit), monthly payments tend to be higher than PCP. However, you build equity with every payment and there are no mileage restrictions or balloon payments at the end.

HP is ideal if you plan to keep your motorhome long-term, do high mileage, or want the simplicity of knowing you'll own it outright at the end of the agreement.

Frequently Asked Questions

Everything you need to know about motorhome finance in the UK

Hire Purchase (HP) spreads the full cost over fixed monthly payments and you own the motorhome outright at the end. Personal Contract Purchase (PCP) has lower monthly payments because you defer a large 'balloon' payment to the end — you can then pay it, hand the vehicle back, or use any equity as a deposit on another. Personal Lease (Contract Hire) is a long-term rental — you never own the motorhome but payments are typically the lowest of the three.

Personal Lease usually has the lowest monthly payments because you're only paying to use the vehicle, not to own it. PCP is the next lowest because a portion of the cost (the balloon/GMFV) is deferred to the end of the agreement. HP has the highest monthly payments because you're repaying the full amount over the term, but you own it outright at the end.

For HP and PCP, a deposit of 10–20% of the vehicle price is typical, though some lenders offer zero-deposit deals at a higher APR. For personal lease, you pay an initial rental (usually equivalent to 3, 6, or 9 monthly payments) rather than a traditional deposit. A larger deposit or initial rental will reduce your monthly payments.

Typical APR for motorhome finance ranges from around 5.9% for borrowers with excellent credit to 15% or more for those with impaired credit. The most commonly advertised representative APR is 8.9%. Your actual rate will depend on your credit score, the lender, the age and value of the motorhome, and the amount you borrow.

Yes, most specialist motorhome finance providers will fund used vehicles. However, some lenders set age limits — for example, the motorhome may need to be under 15 or 20 years old at the end of the finance term. Older vehicles may attract higher APR rates. Always check maximum vehicle age with the lender before applying.

The balloon payment (also called GMFV — Guaranteed Minimum Future Value) is a large lump sum due at the end of a PCP agreement. It represents the predicted value of the motorhome at the end of the term. You have three options: pay the balloon to keep 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 a new deal.

HP has no mileage restrictions — you own the vehicle so you can cover as many miles as you like. PCP and personal lease both have agreed annual mileage limits (typically 8,000 to 15,000 miles per year for motorhomes). If you exceed the limit, you'll pay an excess mileage charge — usually between 5p and 15p per mile. Make sure you agree a realistic annual mileage when setting up the deal.

Yes. Under the Consumer Credit Act, you have the right to settle HP and PCP agreements early. The lender must provide an early settlement figure which will include a rebate of future interest charges. There may be a small early settlement fee (typically one or two months' interest). Lease agreements are harder to exit early and may involve termination penalties.

Most reputable finance brokers perform a 'soft search' for initial quotations, which does not appear on your credit file and won't affect your score. A full ('hard') credit check is only carried out once you formally apply. Multiple hard checks in a short period can temporarily lower your score, so try to avoid applying to many lenders at once.

HP agreements are available for terms of 1 to 10 years (12–120 months), making them the most flexible. PCP terms are typically shorter, usually 2 to 4 years (24–48 months). Personal lease agreements generally run from 2 to 5 years (24–60 months). Longer terms reduce monthly payments but increase the total interest paid.

Yes. Motorhome finance is regulated by the Financial Conduct Authority (FCA). All brokers and lenders must be FCA-authorised and must provide clear information including the representative APR, total amount payable, and any fees. This calculator is an independent educational tool and does not provide financial advice — always check terms with an FCA-authorised provider.

A flat rate calculates interest on the original loan amount for the entire term, even though you're paying it down each month. APR (Annual Percentage Rate) reflects the true cost of borrowing by accounting for the reducing balance. A flat rate of 5% equates to roughly 9–10% APR. This calculator uses APR as it gives a more accurate picture of your costs.

The maths works identically for any vehicle finance, so yes — you can use this calculator for campervans, caravans, or even cars. The default values and descriptions are tailored to motorhomes (e.g. typical price, term lengths, and APR), but you can adjust all inputs to match any vehicle purchase.

The calculator uses standard UK finance industry formulas and provides a close estimate of your monthly payments, total cost, and interest. However, actual quotes from lenders may differ due to arrangement fees, option-to-purchase fees, documentation charges, and the specific APR offered based on your personal circumstances. Always obtain a formal quote from an FCA-authorised lender before making a decision.