Auto Loan Calculator

Calculate your monthly car loan payment and the true total cost of vehicle finance. Works for cars, vans and motorcycles.

Loan amount (£)

Annual interest rate / APR (%)

Loan term

About This Tool

What it does

Calculates monthly car loan payments using the standard amortisation formula. Shows monthly payment, total amount paid and total interest charged over the loan term. Enter the loan amount (vehicle price minus any deposit) for accurate results.

Who it's for

Anyone considering car finance — whether personal loan, HP or PCP. Particularly useful for comparing total costs across different loan terms or deposit amounts before visiting a dealership.

Your privacy

All calculations happen in your browser. No financial data is transmitted or stored anywhere.

⚠️ For informational purposes only. Results are estimates and do not constitute financial advice. Always consult a qualified financial adviser for personal decisions. ToolBullet is not regulated by the FCA, SEC, ASIC, MAS or any financial regulatory body.

Frequently Asked Questions

How do I calculate a car loan payment?

Enter the loan amount (price minus deposit), annual APR and loan term. The calculator uses standard loan amortisation to show your monthly payment, total paid and total interest.

What is PCP vs HP finance?

PCP (Personal Contract Purchase) has lower monthly payments but a large final balloon payment to own the car. HP (Hire Purchase) has higher payments but you own the car at the end. This calculator works for both — enter the relevant loan amount.

What is a good APR for a car loan?

UK personal loan rates for cars typically range from 6-15% APR depending on credit score. Dealerships may offer 0% on new cars. Always compare total cost rather than monthly payment alone — a longer term means more interest paid overall.

Auto Loan Calculator

About This Tool

Frequently Asked Questions

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