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Car finance calculator

Get a quote No impact on your credit score

Rates from 6.9% APR. Representative APR 25.4%

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Our car finance calculator is the perfect place to start you off on your journey to getting your next car. Work out what your monthly repayments might look like below.

Car finance without the headache

Trustpilot 5 stars
9.2 out of 10
£
4 Years
Best available rate XX% APR
Total cost of credit £ XXX.XX
Total repayment £ XX,XX.XX
48 monthly
payments of
£ 245 98

Representative example: borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96

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How does our car finance calculator work?

We work with a panel of lenders to find the right car loan option for you. We know that no two customers are alike, and so we’ll look at your individual circumstances to find a car finance deal that suits you.

With more lenders, comes more choice, which is why we work with a panel of lenders to find car loans for people with a range of credit histories, which includes for those with excellent credit while also providing bad credit car finance.

How to use the car finance calculator

Our finance calculator is a handy tool that provides a quick and easy way to see just how affordable a car loan could be. By entering the amount you’d like to borrow and how long you’d like to borrow this over, our online car finance calculator will give you estimated repayments based on a variety of UK credit bandings—excellent credit, good credit, fair credit and bad credit.

Through changing the amount that you want to borrow, you can amend the estimated monthly repayments accordingly, which means you can tweak the calculator until you reach a monthly repayment amount that you'd be comfortable with.

If you know exactly how much you want to spend on your car loan each month, just amend the loan amount and repayment period until you reach the monthly budget that you had in mind.

Use our calculator today to get an idea as to how much you can borrow!

Please note that our car finance calculator is here to provide you an indication of what you may expect to pay for a car loan, and the rates/prices mentioned above can vary based on personal circumstances and will be dependent on the lender with whom we can get you an approval. We always make it our job to try to get the a deal for you based on your individual circumstances.

Apply and get your car finance quote

As we mentioned earlier, we know that no two customers are alike, which is why we'd need to look a little further into you as an individual to be able to give you an accurate quote. Once you've completed our simple application form, you can get a decision within minutes and we'll give you your personalised no-obligation car finance quote.

Frequently asked
questions

When it comes to affordability, a few factors come into play. Essentially – your credit score, the amount you wish to borrow and your ability to make repayments defines what sort of car you can afford.

First and foremost, you need to have a sensible budget in mind before you explore what type of car you’d like to finance – and the car finance calculator is the perfect starting point for this.

Getting accepted for car finance first enables you to search for your new car with the peace of mind that you have the finance available.

In simple terms – the cost of car finance is basically the amount of money you borrow, plus the interest you pay on the car loan itself over the repayment term.

The repayment term is set over a number of months, so you’ll pay a fixed amount back every month. This will be a portion of the car finance on top of interest.

Your credit history influences what sort of interest rate you get offered. Generally, the better your credit score, the better the rate.

Financing a car is simple and enjoyable with CarFinance 247 – mostly because we do all the leg work for you.

When you apply for car finance with us, we work with a panel of lenders to find a car finance option that suits you.

You’ll have your own account manager to assist you throughout the process as much or as little as you like. We also work directly with a number of trusted dealers and carry out the necessary checks to ensure you’re getting the right car.

You can find out more on our how car finance works page.

Once you know how much you’d like to borrow – the next step is to apply.

Besides your basic personal details – you’ll need a few other bits of information handy to help you fill out the online application form before getting your car finance quote.

This includes your current employment status and your monthly income per month after tax. Once you’ve read and agreed to our terms and conditions you’re good to go.

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

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