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Car Finance Calculator

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Our easy to use car finance calculator will tell you in just a few seconds what your monthly repayments could be.

Simply select how much you want to borrow and over how many years. All figures given on the calculator are estimates.

Your actual finance repayments will be based on your individual circumstances.

 

Representative Finance Example:

Borrowing £7,500 over 4 years with a representative APR of 27.9%, an annual interest rate of 27.9% (Fixed) and no deposit, the amount repayable would be £244.77 per month, and total cost of credit would be £4,248.96 and the total amount payable would be £11,748.97*

*Your rate may differ from the above illustration due to your individual circumstances. All credit subject to status.

We are a broker, not a lender.

How Does The Car Finance Calculator Work?

Our finance calculator can give you an idea of how much your loan will be on a monthly basis.

This way you can see if you can afford the repayments. It’s important to know roughly how much you will need to pay before you commit to a van or car loan.

About Our Car Finance Calculator

At Carvine, we work hard to get you a great deal on your next vehicle regardless of your circumstances. Whether you have an excellent credit history, you are self-employed, or you need bad credit car finance.

Our 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 your new 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 experience in securing the best deal for your next vehicle is what we are all about.

Our panel of lenders gives fast decisions so you can purchase the car you want at market leading rates.

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.

Representative APR of 27.9%

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Your credit score explained

Your finance rates and the probability of getting accepted depends a lot on your credit score. Here are the types of credit scores 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 mortgages that show all being paid on time.

No Bankruptcies, CCJs, defaults or missed payments recorded.

Good

Applicants who have a 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 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 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 Credit

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 may be over their credit limit on credit cards/store cards. May also show many slow or late payments recorded on their credit file.

Representative APR of 27.9%

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