Car Finance Calculator

Want to know how much you could afford for your next car? Give this car finance calculator a try. You can change the deposit amount and terms to learn how that affects your monthly payment.


You can also run an eligibility check. This uses a soft search, so it won't impact your credit score. Try out as many different figures as you'd like to find out what fits your budget before you buy.


Give it a go today and see what your options could be.

Enter your details to estimate monthly payments and find out what finance you could be approved for today.

Subject to status. UK residents aged 18+.

How To Use The Calculator

First, you enter the cost of the car you'd like to buy. Then, input your deposit amount, which is how much you'll pay for the vehicle upfront. Next, choose a term that suits your lifestyle and budget. As you adjust these numbers, the calculator will update your estimated monthly payment. These are the regular payments you'll make over the life of the agreement.


The calculator gives you a good understanding of how much you'll pay each month and how the terms and deposit amount impact payments. In most cases, a higher deposit means lower monthly payments. A longer term can spread out the balance over more time, which might make it easier to manage.


When you run the eligibility check, the system uses a soft search to give you personalised figures. This is based on your unique details, so you get a more accurate idea of what lenders might offer.

Monthly Payment

This is the amount you will pay each month for the total length of the term. It depends on how much the car costs, your deposit, the term, and the interest rate. Want to know how all these elements come together? Read our guide to how car finance works.

APR

Annual Percentage Rate or APR is the cost of borrowing over a year. A lower APR usually means you pay less in total over the agreement, but not always.

Total Repayable

This is the total amount you will pay by the end of the agreement. It includes the amount borrowed plus the interest you've paid.

Give our car finance calculator a go. Then, find a car you can afford.

Subject to status. UK residents aged 18+.

Representative Example for Hire Purchase (HP):Cash price £17,599.00, Annual Interest Rate (fixed) 7.35% p.a., with a representative 13.9% APR, total amount of credit £14,080.00, deposit of £3,519.00, repaying over 59 monthly payments of £320.91 followed by 1 payment of £330.91, total cost of credit is £5,184.60, total amount payable is £22,783.60.*.

Frequently asked questions

  • How does the calculator work?

    Our car finance calculator for UK drivers is easy to use. You:


    Enter a car price.

    Choose a deposit.

    Adjust the term.

    The tool uses these figures to estimate your monthly payment amount.


    If you want to know what lenders might offer you, you can also run a soft search. And, when you're ready to take the next step, you can apply for car finance using the same details.

  • Is it free to use?

    Yes, the monthly car finance calculator is 100% free to use. If you're wondering "how much car finance can I get?" you can try different figures as many times as you want. Change the deposit or adjust the term. Then, see how your payments change.


    There is no cost to run a check, and no pressure to continue, either.

  • Will using it affect my credit score?

    Using the calculator doesn't affect your credit score. It uses a soft search, which lets lenders review your details. You can explore your options with peace of mind.


    A hard search only takes place if you choose to go ahead with a formal application later.

  • What is a good monthly payment?

    A good monthly payment is one that you can afford. It should be easy to manage along with your other bills. The calculator helps you adjust figures until the amount works for you.


    When you're ready, you can browse used cars to see what your budget could get you.

  • Can I use it if I have bad credit?

    Have bad credit? You can still use our calculator to find out how much you might be able to borrow based on your current financial situation.


    Our panel of lenders considers more than just your credit history. This gives you a better idea of what might be possible before you apply.