Car Finance Calculator

Car Finance Made Simple

Compare HP, PCP, and personal loan options side by side. Get an instant estimate and apply for a personalised quote in minutes.

FCA Regulated Partners
Instant Decision
No Impact on Credit Score

Calculate Your Monthly Payments

Adjust the sliders and options below to see an estimated monthly payment for your next car.

£1,000£100,000
£0£7,500 (50%)

Estimated Monthly Payment

£323

/month for 48 months

Vehicle Price£15,000
Deposit£1,500
Finance TypeHire Purchase (HP)
APR6.9%
Total Interest£1,987
Total Amount Payable£16,987
Get a Personalised Quote

Representative example only. Actual rates may vary based on your circumstances. Subject to status and affordability checks.

Which Finance Option Is Right for You?

Understand the key differences between HP, PCP, and personal loans to make the best choice.

Hire Purchase (HP)

Rep. 6.9% APR

Pros

  • +You own the car at the end
  • +Fixed monthly payments
  • +No mileage restrictions
  • +Simple and straightforward

Cons

  • -Higher monthly payments than PCP
  • -Car depreciates while you pay
  • -Less flexible at end of term

Personal Contract Purchase (PCP)

Rep. 8.9% APR

Pros

  • +Lower monthly payments
  • +Flexibility at end of term
  • +Option to return, keep, or part-exchange
  • +Good for changing cars regularly

Cons

  • -Mileage limits apply
  • -Balloon payment to own the car
  • -Can be more expensive overall
  • -Must maintain the vehicle well

Personal Loan

Rep. 4.9% APR

Pros

  • +You own the car from day one
  • +Often the lowest APR
  • +No mileage or condition restrictions
  • +Can sell anytime

Cons

  • -Must qualify for loan amount
  • -Car isn't used as security
  • -Fixed repayment schedule
  • -Interest rate depends on credit score

Get a Personalised Quote

Fill in a few details and our FCA-regulated finance partners will provide you with a tailored quote. There is no obligation, and a soft search will not affect your credit score.

FCA Regulated Partners

All our finance partners are authorised and regulated by the Financial Conduct Authority.

Instant Decision

Get an indicative decision within minutes, with no impact on your credit file.

No Obligation

Receiving a quote does not commit you to anything. Compare and decide at your own pace.

Apply Now

For a £15,000 vehicle via Hire Purchase (HP) at 6.9% APR

By applying, you agree to our Terms and Privacy Policy. A soft credit check will be performed which will not affect your credit score.

FCA Regulated Partners

All finance providers are authorised and regulated by the Financial Conduct Authority.

No Impact on Credit Score

A soft search is used for initial quotes, which will not appear on your credit file.

Instant Decision

Get an indicative decision within minutes. Full approval typically within 24 hours.