Help & Advice

What can I borrow? (Loan amounts)

What can I borrow? (Loan amounts)


If you are hoping to buy a car (or motorcycle, motorhome, campervan or even horsebox, for that matter), one of your first questions might be how much you can borrow.

It is a natural and simple question, but the answer is slightly less straight forward. The reason for that is the sheer number of variables any lender is likely to take into account before granting the finance you need.

Firstly, we ask for you to provide us with a rough figure that you’re looking to borrow, and we will do our best to get you approved for that amount. When looking into your finance application, we firstly make sure the finance option we are offering you is within your budget.

Lenders will look at your affordability and income, whilst also taking your credit profile and any deposit you have available (not mandatory) into consideration when determining the total loan amount.

With such a large panel of lenders, we have finance options available that are tailored to suit a variety of individual circumstances. Good credit, bad credit, high income, refused elsewhere, self-employed and retired – all circumstances are considered.

If approved, you can choose a car from any reputable dealership in the UK!

Why not use our car finance calculator now to see how much a loan for a car, van, motorbike or caravan could cost?

Answer correct as of November 2016

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Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender

Best available rate
Total repayment
Total cost of credit

Best available rate

Total repayment

Total cost of credit

We compare products from 18 of the UK's top lenders to get you the best deal.

Hitatchi

Representative example. Excellent Credit

Borrowing £7,500 over 48 months with a representative APR of 16.8%, an annual interest rate of 16.8% and a deposit of £0.00, the amount payable would be: £211.25 a month, with a total cost of credit of £2,640 and a total amount payable of £10,140.

CarFinance 247 is a broker and not a lender