Car Finance
Calculator

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 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.