Car Finance Calculator

Get a car finance quote
Get a car finance quote

Check eligibility with no impact on credit score

Finance calculator

  • 36months
  • 42months
  • 48months
  • 60months

This helps you get a more accurate finance estimate

Not sure about being approved?

Check finance eligibility

Won't affect your credit score

Your estimated examples

These estimates are subject to credit checks, and may change if you do apply for finance.

Loan amount£7,500
Length of Loan60 months
Monthly payment£0
Interest rate9.9% APR
Optional final payment£0
Amount of interest£0
Total payment£0

Are you eyeing that sleek new car but unsure about your financial commitments? Our car finance calculator is here to demystify the process, giving you a clear picture of your potential monthly outgoings and helping you make an informed decision. Discover how easy it is to navigate our calculator and obtain a personalised quote that suits your individual circumstances.

How it works?

  • Apply for your loan

    Enter the details of how much you want to borrow over what time period, your deposit, and information about the car you want to finance.
  • Receive the money

    Select your preferred finance type, whether it's Personal Contract Purchase (PCP), Hire Purchase (HP).Keep in mind, estimates may vary based on your chosen type.
  • Pay it back over time

    The calculator will show you comparison costs for HP car finance - based on an assumed APR - so you can see which might suit you better.

How does a car finance calculator work?

Car-finance's car finance calculator is an easy and convenient way to calculate your monthly loan repayments. Simply enter the amount you'd like to borrow, how long you'd like to make your payments over, and whether it's a HP or PCP agreement. Our calculator will then generate an estimate of your monthly cost and the total repayment amount. With Car-finance, you can easily compare car finance quotes and work out the best deal for you in minutes. We have a range of flexible and competitive agreements available, so why not see how much you could save on your next car loan today.

Car-finance is the UK's premier car financing comparison site. Car-finance helps customers compare and apply for a range of different car finance options, making it easy to find the best option for your needs.

How to use our car finance calculator

Now that you have gathered the necessary details, let's walk through the steps to use our Car Finance Calculator effectively:

  • Input the Details: Fill in the required fields with the information you've gathered. Our user-friendly interface makes this a quick and straightforward process.
  • View Your Results: Once you've entered all the details, our calculator will generate your estimated monthly payments, including any optional lump sum payments.
  • Explore Flexibility: If you're considering a Personal Contract Purchase (PCP) with a balloon payment, or a Hire Purchase (HP) with fixed monthly repayments, our calculator caters to both. Explore the flexibility each finance option offers.
  • Request a Personalised Quote: Impressed with the figures? Take the next step by requesting a personalised quote based on your inputs.

What information do I need to provide?

Using our Car Finance Calculator is a breeze, and all you need to get started is some basic information at your fingertips:

  1. Total Price of the Car: Enter the full cost of the vehicle you have your eye on.
  2. Credit Rating: Assess your credit rating honestly, as this plays a crucial role in determining your eligibility and interest rates.

Which types of car finance can be calculated?

Our Car Finance Calculator accommodates various finance options to suit your preferences. These include:

  • Personal Contract Purchase (PCP): It involves a customer making monthly payments over an agreed period, with a balloon payment due at the end of the contract. This option typically requires a lower deposit than HP and can offer more flexibility on repayment terms, but ownership rests with the chosen lender at the end of the period unless you choose to pay off the balloon payment.
  • Hire Purchase (HP): It is a straightforward loan agreement where you agree to pay back the money you have borrowed over a fixed term. This option typically requires a larger deposit than PCP but offers greater options for customisation as well as the potential to own the vehicle at the end of the term.

Meet our car finance lenders

We work with over 15 lenders offering 100+ HP and PCP deals so that you could have the best offer.



  • How much can I borrow with car finance?
    The amount you can borrow depends on various factors, including your credit rating, deposit, and the type of finance. Use our car finance calculator to determine the loan amount suitable for your individual circumstances.
  • How much will my monthly repayments be?
    Your monthly repayments hinge on factors such as loan amount, interest rate, and finance term. Input these details into our car finance calculator for accurate estimations tailored to your preferences.
  • Does my credit rating affect if I can take out finance?
    Yes, your credit rating plays a pivotal role. While a good credit score enhances your chances and may secure a lower APR, we assist individuals with various credit backgrounds. Explore our options to find a suitable plan based on your credit circumstances.
  • How much of a deposit should I pay?
    The deposit amount varies based on your financial situation and the type of finance chosen. Generally, a higher deposit can lead to lower monthly repayments. Use our calculator to experiment with different deposit scenarios and find what suits you best.
  • What is a representative APR?
    A Representative APR is the advertised interest rate that at least 51% of successful applicants will receive. It provides a standard for comparing finance deals, offering transparency in understanding the overall cost of borrowing.
  • What is a good APR for a car-finance deal in the UK?
    A good APR depends on your credit profile. Generally, lower APRs are more favourable, but the 'good' range varies. Explore our calculator to gauge the impact of different APRs on your monthly payments and overall cost.
  • What is the cheapest way to finance a car?
    The cheapest finance option varies based on individual preferences. While Hire Purchase (HP) often boasts fixed, straightforward repayments, Personal Contract Purchase (PCP) offers flexibility. Use our calculator to compare costs and find the most economical route for you.
  • Is car finance more expensive with bad credit?
    Yes, individuals with lower credit scores may face higher APRs. However, we specialize in assisting customers with diverse credit histories. Use our calculator to explore options and find a car finance deal that aligns with your circumstances.
  • What credit score is needed to finance a car?
    While a higher credit score improves your chances of securing a lower APR, we cater to a range of credit scores. Explore our options and use the calculator to understand how different credit scores can impact your car finance terms.
  • Am I eligible for a car finance deal?
    Eligibility depends on factors like credit history and individual circumstances. Whether you're a UK resident or have an existing car, our aim is to provide accessible finance solutions. Explore our calculator and request a personalised quote to see how we can assist you.