Car Finance Calculator

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No impact on your credit score
Rates from 6.9% APR. Representative APR 19.9%

The car finance calculator is a great place to start your car buying journey.
Find out what your monthly car loan repayments might look like and how you can get car finance below.

Calculate car loans without the headache

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Trustpilot 4 Half Stars
4.6 out of 5
5 years
Total cost of credit £ 2000
Total repayment £ 2000
48 monthly
payments of
£ 245 98

Rates from 6.9%: the exact rate you will be offered will be based on your circumstances

Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.

Rates may differ as they are dependent on individual circumstances. Subject to status.

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How does the car finance calculator work?

Our car finance calculator is a handy tool that will help you find out how much your monthly car loan payments might be.

Enter the amount you’d like to borrow and how long you’d like to have to pay it back. The online car finance calculator will then give you an estimate of your repayments depending on your UK credit banding – excellent credit, good credit, fair credit and bad credit.

How to use the car finance calculator

You can change the amount you want to borrow and the length of time to change the estimated monthly repayments. Just tweak both fields until you reach a repayment amount that you’d feel comfortable with.

If you already know exactly how much you want to spend on your car loan each month, the finance calculator can still work for you. Just change the loan amount and repayment period until you hit the budget you had in mind.

Please keep in mind that the car finance calculator is designed to give you an estimate of how much you might expect to pay for a car loan each month. The payment amounts mentioned can vary based on your individual circumstances and the lender that approves you.

Why come to us for car finance?

For us, used car finance is all about helping people improve their everyday lives.

Whether it’s sorting out the school run, getting that big boot for the big shop, or just the car you’re proud to park outside the office, we work to get the right car finance deal for you.

With our panel of lenders, we can look to find car loans for people with good credit, bad credit and somewhere-in-between credit.

Plus, you’ll have a dedicated account manager on hand to help you through the process.

Apply and get your car finance quote

Everyone’s circumstances are different. That’s why we need to look at you as an individual to give an accurate personalised car finance quote. Simply complete our application form and if you’re approved in principle, your account manager will give you a call to talk through your options. No strings attached. They can answer any questions you have and grant you access to our car search – a treasure trove of over 125,000 used cars ready and waiting to find a home. Found a car somewhere else? We can still help – just let your account manager know.

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 search through our 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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* The UK's number one online car finance broker by unique users to the website. Based on Hitwise data – 1,746,657 to CarFinance 247 vs. 666,020 for nearest competitor. January to December 2019.

96% of our customers recommend us: † Based on feedback left on independent review site Reviewcentre. May 2019.

CarFinance 247 is a trading name of CarFinance 247 Limited, a credit broker and insurance intermediary, and 247 Money Group Limited (247 Money), a lender. Both companies are part of the 247 group of companies.

CarFinance 247 is authorised and regulated by the Financial Conduct Authority under reference number: 653019. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 06035525. Data Protection Registration Number Z1897658.

247 Money is authorised and regulated by the Financial Conduct Authority. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. Company registration no. 10989530. Data Protection Registration Number ZA456831.

All finance is subject to status and income. Written quotations on request. CarFinance 247 can introduce you to a limited number of finance providers, including 247Money, based upon your credit rating and will receive commission for such introductions.

† We do not charge a fee for arranging the finance, however some of our lenders may charge a fee. Your account manager can provide more information on this

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