My VanFinanceMy VanFinanceUK Van Finance Hub
Compare lenders All calculators
Home / Calculators / Early Settlement Estimator
Calculator

Early settlement estimator

Thinking about paying off your van finance early, part-exchanging, or selling the van? Get a rough idea of the payoff figure first.

£

This estimates the remaining capital balance on a standard declining-balance agreement — your lender's actual settlement figure may include a small early settlement rebate or admin fee.

Estimated remaining balance
£11,420
Likely settlement range£11,080 – £11,420
Payments made18 of 48 payments
Find your lender's contact details
This is an estimate based on a standard amortising loan, not a binding figure. Under the UK Consumer Credit (Early Settlement) Regulations 2004, lenders calculate your exact statutory settlement figure — which may include a modest interest rebate and is capped in terms of any early settlement charge. Always request an official settlement statement from your finance company before making a payment.

When does early settlement make sense?

Common reasons include selling the van before the agreement ends, refinancing onto a cheaper rate, or simply wanting to be debt-free sooner. Because interest is front-loaded on most agreements, settling early in the term saves proportionally more interest than settling near the end.

Selling a van still on finance

You cannot legally sell a vehicle that's still subject to an HP or PCP agreement until it's settled, because the finance company retains an interest in the vehicle. Always run an HPI/finance check before buying a used van, to confirm it isn't still on someone else's agreement.