Skip to content

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

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
My Credit Rating

Excellent

  • 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

Good

  • 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

Fair

  • 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

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
£

X monthly repayments of
£X

Typical rate

Loan amount

Total payable

X% APR*

£X

£X

*for illustration purposes only

No impact on your credit score

Representative Example

Borrowing £7,500 at a representative APR of 24.6%, annual interest rate (fixed) 24.57%, 47 monthly payments of £237.00 followed by 1 payment of £247.00 (incl. estimated £10 option to purchase fee), a deposit of £0.00, total cost of credit is £3,886.00, total amount payable is £11,386.00.

My Car Credit is a credit broker and not a lender.

  • Car finance from 6.9% APR
  • Representative APR 24.6%
  • Instant, online decision
  • No impact on credit score
  • Choose any dealer
  • Poor credit welcome
  • Car finance from 6.9% APR
  • Representative APR 24.6%
  • Instant, online decision
  • No impact on credit score
  • Choose any dealer
  • Poor credit welcome

Our online car finance calculator is the quick and easy way to crunch the numbers on financing your next car. Simply enter your loan amount, repayment term and your credit rating for an instant breakdown of how an agreement could work for you.

At My Car Credit, we are passionate about finding the right car finance for you. We welcome you, no matter what your credit score or financial circumstances, to apply with us. Our panel of lenders is the largest panel out of any broker in the UK. This means that we stand a better chance of finding a deal that works for you and your budget.

Once you’ve calculated car finance, you can easily and quickly apply without it affecting your credit score. This is because we only do a soft search for your initial application. This means you can get a quote on a car loan and compare us with others without worrying that it will show on your credit report.

Our approach makes the journey to your next car smooth and easy. We have a streamlined 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! 

Our large and trusted network of car dealers are also on-hand to support you in your car search. 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.

 

Online Car Finance Calculator FAQs