Car Finance Calculator

Use our car finance calculator to find out the best car finance deals for you.
£8,000
48 Months

48 monthly repayments

£356.94

Best available rate 6.9%

Total cost of credit £1,069.12

Total repayment £8,569.12

48 monthly repayments

£356.94

Best available rate 6.9%

Total cost of credit £1,069.12

Total repayment £8,569.12

Representative example:

Borrowing £6,500 over 48 months with a representative APR of 21.4%, an annual interest rate of 21.4% (Fixed) and a deposit of £0.00, the amount payable would be £196.24 per month, with a total cost of credit of £2,919.52 and a total amount payable of £9,419.52


Once you filled in our car finance calculator and found out what you can afford, you can apply for car finance today.

How does our car finance calculator work?

Our car finance calculator allows you to enter the overall amount you want to loan, the amount you want to pay each month and your credit score. It then shows you the best available rate along with how much it will cost you overall, including how much it will cost you in credit.

The APR examples used in this calculator will only be representative examples. To get an exact APR you’ll need to apply for car finance. 

How to use our car finance calculator

If you’re unsure how to use our car finance calculator, follow our step by step guide below:

Step 1: Decide how much do you want to borrow

Define how much you are going to need to borrow to buy the car that you want. Remember, the more you borrow the more you may need to pay back in the long run.

Consider how much you have available for a deposit at this stage as that will affect the amount you want to borrow, as will the value of the car you want to buy.

Step 2: Work out how quickly you want to pay off your loan

At this stage you will want to work out how much you want to pay back each month, and how long you want the loan term to be. While a longer term will mean smaller monthly repayments, you may end up paying more in interest, so keep this in mind.

Step 3: Enter your credit score

Once you’ve worked out the amount you want to borrow and how long you want the loan term to be, you’ll need to enter your credit score. This lets you see how much your credit score may affect the amount you can borrow and what that means for your interest rate.

Step 4:Calculate your representative car finance quote

At this stage, the calculator will show you an example of what your deal may look like. This will show you the best available rate you may be offered. It’s not a quote, more of an example of what you could be offered. For a full quote, you’ll need to get in touch with ChooseMyCar.

How to apply and get a quote for car finance

Once you have filled in the car finance calculator and got an idea of what you may be able to afford, based on the amount you want to borrow, the loan term and your credit score, you can get in touch for a quote.

To do this you simply need to visit our car finance application page and fill in your details. We can then provide you with a proper car finance quote.

If you need more information about car finance though, we have further reading about the different types of car finance as well as guides on car finance.

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