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Car Finance Calculator

Do the maths on your next car with our handy online calculator

Calculator for working out car finance monthly payments and white mini cooper bought on car finance
Part of Evolution Funding, the UK’s largest motor finance broker.
Part of Evolution Funding, the UK’s largest motor finance broker.
My Credit Rating


  • You are a home owner
  • You have been on the electoral role 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


  • You are on the electoral role
  • 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


  • You are or have recently been on the electoral role
  • 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


  • 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


  • 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

X monthly repayments of

Typical rate

Loan amount

Total payable




*for illustration purposes only

No impact on your credit score

Representative Example

Borrowing £7,500 at a representative APR of 13.9%, annual interest rate (fixed) 13.85%, 47 monthly payments of £201.38 followed by 1 payment of £211.38 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £2,176.24, total amount payable is £9,676.24.

Evolution Funding Limited, trading as My Car Credit, is a credit broker and not a lender.

Please ensure you can afford the repayments for the duration of the loan before entering into a credit agreement.

How to calculate car finance

My Car Credit’s online car finance calculator is the quick and easy way to crunch the numbers on financing your next car. Start by entering your loan amount, repayment term and credit rating. The calculator will then give an instant breakdown of your expected monthly payments, typical rate and total payable.

Like what you see? Click ‘Apply Now’ to complete a full application. There is no obligation and no impact on your credit score since we only do a soft search initially. You’ll be given an instant, online decision as well as an email confirmation. What’s more, the rate you see is the rate you get!

A simple and hassle-free process

We work hard to find the right car finance deal for you. No matter what your credit score or financial circumstances, you are welcome to apply with us. We have the largest panel of lenders out of any broker in the UK. This means you’ve got the best chance of finding a deal that works for you and your budget.

Our approach makes the journey to your next car smooth and easy. You can read plenty of customer reviews which talk about how great we are to deal with. We have a slick online application process which allows you to sort out car finance from the comfort of your own home. You can even upload your documentation and e-Sign your agreement without needing to visit a car dealership! 

Still looking for the perfect car?

If you’re needing a bit of help with finding the perfect car, our large and trusted network of car dealers are also on-hand. We have a vast range of nearly-new and used cars to choose from. In addition, we’ve done all the checks on the dealers listed to ensure they’re reputable. Choose a car from a My Car Dealer and you’re assured of peace of mind.

To get the wheels moving, simply enter your details into our car loan calculator and discover how the right finance plan could look for you.

Calculating Car Finance FAQs