Our Car Finance Calculator

Your credit score explained

Excellent

Applicants who have an excellent credit score will have been on the electoral roll for a significant length of time. Will have usually worked for one employer for a number of years. Will also have had many accounts showing on their credit files, including showing loans, credit cards and a mortgages that show all being paid on time. No Bankruptcies, CCJs, defaults or missed payments recorded.

Good

Applicants who have an good credit score will have been on the electoral roll for a significant length of time. Will have usually worked for one employer for a number of years. Will also have had many accounts showing on their credit files, including showing loans, credit cards and a mortgages that show all being paid on time. No Bankruptcies, CCJs, defaults or missed payments recorded.There may be one or two slow payments recorded. There wouldn’t be numerous credit searches on their credit file.

Average

Applicants with a a fair credit score may recently appear on & off the electoral roll / have an irregular electoral roll history. Could be self-employed or young without a stable employment history. May have higher levels of debt when compared to disposable income. May also have had several credit searches carried out against their credit file in a short space of time. May have occasional missed payments on their credit file or occasionally go over a credit limit on credit accounts. Maybe small, historic CCJs & defaults on their credit file.

Bad

Applicants with a bad credit score will likely have CCJs, defaults, issues with mortgage payments or be in a debt management plan. May not appear on the electoral roll. May have had several addresses in a short space of time. May have had long periods of unemployment. These applicants maybe over their credit limit on credit cards/store cards. May also show many slow or late payments recorded on their credit file.

Above Car Finance Calculator

At Carvine we work hard to get you a great deal on your next car, regardless of your circumstances. Whether you have an excellent credit history or you are self-employed, or you need bad credit car finance. This car finance calculator is a fast and hassle free way to work out your budget no matter your credit history. Giving you an idea of what each vehicle will cost you per month. Having this information puts you in the driving seat for a great finance deal knowing what it can cost before you go to the dealership. Our experienced in securing the best deal for your next car is what we are all about. Our panel of lenders gives fast decisions so you can decide fast about which car you want and at market leading rates too. So try out the car finance calculator above and see what you could afford.

The car finance calculator above is for illustrative purposes only and the actual rate you will pay depends on your circumstances.