Car finance calculator

Find out how much you could borrow and what your monthly repayments will look like with our car finance calculator.

Amy Smith
Amy Smith
Updated 21 February 2022  | 2 min read

Car finance calculator

Try our car finance calculator to estimate how much you can expect to pay on your loan repayments.[1]

£15,000
3 years
8.6%
£2000
Monthly repayments £411 *
Total interest paid £1,795**
Total repayments £14,796***
[1] Note: GoCompare accepts no responsibility if the results of any calculator are incorrect. The results provided are for guidance only and should not be considered a legitimate car finance quote.
*To calculate the monthly repayments: Vehicle cost minus the deposit and total interest, divided by the loan term in months.
**To calculate the interest paid: Vehicle cost multiplied by the interest rate, multiplied by the loan term in years.
***To calculate the total repayment: Monthly repayment multiplied by the loan term in months.


How to use the car finance calculator

To get an estimate for how much your monthly repayments will be, first you’ll need to know how much the vehicle costs.

Then you’ll need to tell us the interest rate of the finance option you’re considering, plus the loan term (how long the finance contract is for).

The final thing you’ll need to know is how much you’re planning to contribute towards the deposit.

Once you input these figures, our calculator will do the maths and show you approximately how much you can expect your monthly repayments to be, the total interest you’d pay on the loan and the total cost of the repayments.

Compare car finance loans

 When you search for car finance deals with us, you can compare different types of finance against each other.

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By Amy Smith

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[1]Note: GoCompare accepts no responsibility if the results of any calculator are incorrect. The results provided are for guidance only and should not be considered a legitimate car finance quote.

*To calculate the monthly repayments: Vehicle cost minus the deposit and total interest, divided by the loan term in months.

**To calculate the interest paid: Vehicle cost multiplied by the interest rate, multiplied by the loan term in years.

***To calculate the total repayment: Monthly repayment multiplied by the loan term in months.