Car finance calculator
Buying your next car on finance can be confusing. Use our simple car finance calculator to see an estimate of your monthly payments and the total amount you might repay.This tool is designed to give you a quick guide before you speak to a lender or broker.
Use our simple car finance calculator
Enter a few basic details about the car you’re looking at and the calculator will show:
- An estimated monthly payment
- The total interest you could pay
- The total cost of finance over the full term
This is only an illustration – the actual figures you are offered will depend on your credit status and the finance provider’s criteria.
Enter your details below and the PCP finance calculator will automatically update.
Estimated monthly payment
£0
36 monthly repayments (excluding final balloon)
Total cost of credit
£0
Approximate interest over the term
Total repayment
£0
Monthly payments plus final balloon
Enter your details below and our HP / personal loan calculator will automatically update.
Estimated monthly payment
£0
36 monthly repayments
Total cost of credit
£0
Approximate interest over the term
Total repayment
£0
All monthly payments combined
How to use the calculator
- Car price – type in the full cash price of the car you are interested in.
- Deposit – enter how much you plan to pay upfront.
- Term (months) – choose how long you want to spread the finance, for example 36 or 48 months.
- Interest rate (APR) – if you have been given an APR, enter it here. If not, use an approximate rate to get an idea.
- Click “Calculate” and we’ll show your estimated monthly payment and totals.
You can change the numbers as many times as you like until you find a payment that feels comfortable.
What types of car finance can this help with?
This calculator is a simple guide that can be used for:
- Hire Purchase (HP) – where you pay the same amount every month and own the car at the end.
- Personal loans – a bank or online lender lends you the money and you pay them back monthly.
- Simple PCP‑style deals – you can use the calculator to understand the monthly payment, then think about any final balloon payment separately.
For complex finance products we always recommend speaking to a qualified adviser.
Things to think about before taking car finance
Before you sign any agreement, it’s worth asking yourself:
- Can I comfortably afford this payment every month?
- What happens if my income changes?
- Is the mileage limit on a PCP deal realistic for the way I drive?
- How much will I have paid back in total by the end of the agreement?
- Am I happy with the length of the contract or would a shorter term suit me better?
A slightly cheaper car or a slightly bigger deposit can make a big difference to your monthly budget.
What information do I need to apply for finance?
Most lenders will ask for:
- Your full name, date of birth and address history
- Details of your income and regular outgoings
- Employment information
- Bank account details
- Proof of identity and address
Having this information ready helps speed up the application process.
Other costs to keep in mind
Your monthly finance payment is only one part of the picture. Don’t forget to allow for:
- Insurance
- Vehicle tax
- Fuel or charging costs
- Routine servicing and repairs
- MOT tests (if the car is over three years old)
- Any admin or option‑to‑purchase fees in the agreement
It’s better to build a realistic budget now than to struggle later.
Important notice
Our calculator is for illustration only. It does not provide financial advice and does not guarantee that you will be accepted for credit.
Actual rates, payments and terms will be set by the finance company after they have completed their own checks.
If you are unsure which option is best for you, please speak to an independent financial adviser.
Frequently asked questions
No. The calculator is only a guide and does not run any credit searches.
Lenders use their own interest rates, fees and credit scoring. Our figures are only a rough estimate.
Yes, you can enter the price of either a new or used car.
You can use the calculator to work out an affordable monthly payment, then discuss the exact balloon figure with your finance provider.
We don’t provide finance directly, but our calculator is here to help you understand the numbers before you make any decisions.
