Car Finance Calculator

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No impact on your credit score
Rates from 7.9% APR. Representative APR 21.9%

Our car finance calculator is a great place to start your car finance journey.

Find out what your monthly car loan repayments could look like and how to apply for car finance.

Calculate car finance

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Trustpilot 4 Half Stars
4.6 out of 5
5 years
Total cost of credit £ 2000
Total repayment £ 2000
48 monthly
payments of
£ 245 98

Rates from 7.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £6,500 over 5 years with a representative APR of 9.9%, an annual interest rate of 9.9% (Fixed) and a deposit of £0.00, the amount payable would be £136.44 per month, with a total cost of credit of £1,686.40 and a total amount payable of £8,186.40. 

We look to find the best rate from our panel of lenders and will offer you the best deal that you’re eligible for. We don’t charge a fee for our service, but we do earn a commission. This does not influence the interest rate you’re offered in any way.

We only work with trusted partners

How does the car finance calculator work?

The car finance calculator is a handy tool that’ll help you find out how much your monthly car loan payments could be.

All you need to do is enter the amount you’d like to borrow and how long you’d like to have to pay it back. The online finance calculator will then give you an estimate of your repayments depending on your UK credit banding – excellent credit, good credit, fair credit, and bad credit. No matter your circumstances, we could help!

How do I use the car finance calculator?

Calculate your car finance in just four steps:

  1. If you already know how much you’d like to borrow, drag the slider from left to right until you hit that amount

  2. Decide how long you’d like to have to pay back the loan – this is the ‘term’

  3. Select the credit score profile that best suits you from the drop-down menu. You can choose excellent, good, fair, or bad.

  4. Tweak both fields until you reach an estimated repayment amount that you’d feel comfortable with

Already have a clear budget in mind? The car finance calculator can still work for you. Just change the loan amount and repayment period until you land on that figure.

Please keep in mind that the calculator is designed to give you an estimate of how much you might expect to pay for a car loan each month. The payment amounts mentioned can vary based on your individual circumstances and the lender that approves you.

Why come to us for car finance?

For us, used car finance is all about helping people improve their everyday lives.

Whether it’s sorting out the school run, getting that big boot for the big shop, or just the car you’re proud to park outside the office, we work to get you the best deal from our panel of lenders.

And thanks to our panel, we can look to find car loans for people with good credit, bad credit, and somewhere-in-between credit.

Plus, you’ll have a personal account manager on hand to help you through the process.

Apply and get your car finance quote

Whether you’re looking for a Honda on HP, a Peugeot on PCP, or a personal loan for a Land Rover, we could help!

It starts with a quote. If you’re approved in principle, your dedicated account manager will give you a call to talk through your options. No strings attached. They’ll answer any questions you have and grant you access to our car search – a treasure trove of over 130,000 used cars. Found a car somewhere else? We can still help you find finance – just let your account manager know.

Frequently asked questions

Affordability is an important part of the car finance process. A range of factors determine the sort of car you can afford including your credit score, the amount you’d like to borrow, and how much disposable income you can spare each month.

Having a budget in mind before you start searching for a car can help you choose your new wheels with confidence – and the car finance calculator is a great place to start!


The cost of car finance is typically defined as the amount of money you borrow plus the interest and any other charges that you’ll pay on the car loan over the repayment term.

If you choose Hire Purchase (HP) car finance, your monthly repayments will cover a portion of the car finance and your interest payment.

The interest rate that you’re offered depends on a range of factors including your credit score. Improving your credit score can give you access to better rates.


At CarFinance 247, we work to find you the best deal from our panel of lenders. And thanks to our lending panel, we can help people with a variety of different circumstances find a car finance option. If you’re approved in principle, we’ll give you a call to talk through your options. Your personal account manager will take care of all the admin along the way so you can focus on the fun bit – finding the right car for you!


When you have a good idea of how much you’d like to borrow, it’s time to apply. Getting a quote is the first step. Our online form will ask you to enter some personal details, your current employment status, your monthly income, and information about the vehicle you’re looking for so that we can get to work finding you an approval in principle from our panel of lenders. Find out more about the paperwork you need to prepare for car finance here.


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Applying with us only takes a couple of minutes and won't affect your credit score

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* The UK's number one online car finance broker by unique users to the website. Based on Hitwise data – 1,746,657 to CarFinance 247 vs. 666,020 for nearest competitor. January to December 2019.

96% of our customers recommend us: † Based on feedback left on independent review site Reviewcentre. May 2019.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

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