Car Finance Calculator, Monthly Car Loan Repayment Calculator

Credit ratings explained

Excellent

You are a home owner
You have been on the electoral roll for a long period of time
You have current credit arrangements and mortgage with no defaults
You have no CCJs, credit arrears or missed payments
You rarely apply for credit
You are employed or self-employed

Good

You are on the electoral roll
You are a home owner or long standing-tenant
You have a stable employment history
You have current credit arrangements with occasional missed payments
You have no CCJs

Fair

You are or have recently been on the electoral roll
You may have recently changed address
You may have occasional missed payments
You may have an old CCJ
You may have regularly applied for credit

Poor

You may have had frequent changes in address
You may not be traceable on the voters roll
You may have exceeded credit card limits
You may have missed payments on current agreements
You may have had a CCJ in the past

Bad

You may not be traceable on the voters roll
Your credit cards are over their limits
You have recent CCJs
You may have been refused credit elsewhere
You may be in a debt management plan

I'd like to borrow

Over a period of

My credit score is

Illustrative example

Monthly payment Subject to credit score

Total repayment of
APR of

Representative example:

Borrowing at a representative APR of 12.9%, annual interest rate (fixed) 12.9%, monthly payments of £170.88 followed by 1 payment of £180.88, total cost of credit is £2,762.80, total amount payable is £10,262.80.

*The representative example includes an estimated option to purchase fee of £10. This is subject to status and although fees may vary in amount and when payable, the total cost of credit and APR received will not alter. This representative example is for illustration purposes only and does not constitute an offer. Written quotations are available on request and finance is subject to status.

About our car finance calculator

Designed to give you an idea of all the options available to you, our car finance calculator puts you in control. It instantly shows how to increase or reduce your monthly repayments to suit your circumstances, by adjusting the term of the loan.

Use our car finance calculator either to find out the monthly repayments for a fixed amount you want to borrow, (particularly useful if you’ve already found the car you want to buy), or work it out based on the monthly instalments. If you know you have a fixed, maximum amount to spend each month on car repayments, simply enter your monthly budget into the car finance calculator and we’ll give you an idea of the maximum you can borrow for your next car. Search for a car now.

As you can see when you use our car finance calculator, your monthly repayments will be lower if you decide to repay the loan over a longer period. If you need a short-term loan and want to pay it back quickly, the monthly repayments will obviously be higher.

Once you know your credit score you can use our car finance calculator to get an approximate idea of the APR you could qualify for, and how this affects the monthly repayments. Your credit score determines the APR you can get and this is factored into our car finance calculator. Simply select from the five options to confirm your personal circumstances – choose from Poor, Bad, Fair, Good or Excellent.

Contact us

If there's anything you'd like to discuss, just call or email.

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FAQs

Answers to some of the most common questions.

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