Car Payment Calculator

Free car payment calculator. Calculate monthly auto loan payments, total cost of ownership, and total interest paid.

✓ Free to use ✓ Instant results ✓ Mobile friendly ✓ No sign-up needed

Car Price

Down Payment

Interest Rate (% APR)

Loan Term (months)

Monthly Payment

Total Cost

Total Interest

Loan Amount

✨ More tools for you

🚘 Keep your car costs down

Essential car maintenance tools and accessories to extend the life of your vehicle and save money.

Shop Car Accessories on Amazon →

Understanding Car Finance

Car finance allows you to spread the cost of a vehicle over monthly payments. The total amount you pay depends on the car price, your deposit, the interest rate (APR), and the loan term.

PCP vs HP Finance

Hire Purchase (HP): You own the car at the end. Higher monthly payments but straightforward.
Personal Contract Purchase (PCP): Lower monthly payments with a balloon payment at the end, or return the car.
Personal Loan: Borrow money independently and buy the car outright, often the cheapest option if you have good credit.

Frequently Asked Questions

What is a good APR for a car loan?+

In the UK, APR rates for car finance typically range from 4% to 15%+. A rate below 7% is generally considered good. Your credit score significantly impacts the rate you are offered.

Should I put more money down?+

Yes. A larger deposit reduces the loan amount, monthly payments, and total interest. It also reduces the risk of negative equity.

What happens if I miss a payment?+

Missing payments can damage your credit score and may result in the vehicle being repossessed. Always contact your lender early if you expect difficulty paying.

Car Payment Calculator

✨ More tools for you

Understanding Car Finance

PCP vs HP Finance

Frequently Asked Questions

Save Your Result