Calculate Your Car Finance
Work out your monthly payments in seconds. Adjust the figures to find the perfect finance deal for your budget.
Worked Example
Borrowing £10,000 over 48 months at a fixed 8.9% APR works out to a monthly payment of £247.58 — a total amount payable of £11,883.84, or £1,883.84 in interest. This is an example calculation only: we are not a lender or credit broker, and this tool doesn't submit a finance application or affect your credit score. Use the calculator above with your own figures.
Compare Finance Types
Not sure which finance type is right for you? Compare the options below.
Hire Purchase
(HP)
Fixed monthly payments over an agreed term. You own the car once all payments are made. No mileage limits or balloon payment.
Example monthly payment*
£285
Representative APR 8.9%
Advantages
- You own the car at the end
- No mileage restrictions
- Fixed monthly payments
- No balloon payment
- Can modify the vehicle
- Good for high-mileage drivers
Considerations
- Higher monthly payments than PCP
- Car depreciates while paying
- Large deposit may be needed
- Less flexible than PCP
Best for
Drivers who want to own their car outright and drive unlimited miles.
Personal Contract Purchase
(PCP)
Lower monthly payments with a large balloon payment at the end. You can return the car, pay the balloon, or use equity as deposit on a new car.
Example monthly payment*
£199
Representative APR 7.9%
Advantages
- Lower monthly payments
- Flexibility at end of term
- Drive a newer car for less
- GAP insurance often included
- Manufacturer offers available
- Trade-in at end of term
Considerations
- Mileage restrictions apply
- Excess wear & tear charges
- Don't own car during term
- Balloon payment can be large
- Must maintain the vehicle
- Negative equity risk
Best for
Drivers who like changing cars every few years and drive average miles.
Personal Loan
(Loan)
Borrow from a bank or lender and pay cash for the car. You own the car immediately. Unsecured, so the car isn't at risk if you miss payments.
Example monthly payment*
£310
Representative APR 6.9%
Advantages
- Own the car immediately
- No mileage restrictions
- Unsecured - car not at risk
- Can negotiate a cash price
- Often lower APR
- Complete flexibility
Considerations
- Higher monthly payments
- Need good credit score
- Interest on full amount
- No manufacturer deals
- May need higher income
- Less structured process
Best for
Buyers with good credit who want full ownership and cash negotiating power.
*Example based on a £15,000 vehicle, £1,500 deposit, 48-month term. Rates may vary based on individual circumstances. This is an example calculation only — we are not a lender or credit broker, and no finance application is submitted through this site.
Why Use Our Finance Calculator?
Instant Calculations
See your monthly payments update in real-time as you adjust the price, deposit, and term.
No Credit Check
Our calculator gives you an estimate without affecting your credit score. No personal data required.
Compare Options
See side-by-side comparisons of HP, PCP, and personal loan options to find what works for you.
Total Cost Transparency
See the full breakdown including total interest, total repayable amount, and effective APR.
Ready to Find Your Car?
Use the calculator above to work out a budget, then browse cars that fit it.