Car finance calculator

Finance calculator

  • 36month
  • 42month
  • 48month
  • 60month

This helps you get a more accurate finance estimate

Not sure about being approved?

Check finance eligibility

Won't affect your credit score

Your estimated examples

These estimates are subject to credit checks, and may change if you do apply for finance.

Loan amount£7,500
Length of Loan60 months
Monthly payment£und,efi,ned
Interest rate9.9% APR
Optional final payment£und,efi,ned
Amount of interest£und,efi,ned
Total payment£und,efi,ned

Rates from 9.9% APR. Representative APR 19.9%. Carboom is a credit broker, not a lender.

How to use the car finance calculator

Here’s our step-by-step guide to using the car finance calculator...


How much do you want to borrow

Enter how much you wish to borrow over period of time, your deposit and details about the car you want to finance.

Calculate the best rate

The calculator will show you guide costs for HP and PCP car finance - based on an assumed APR, subject to check.

Car finance options

If you’re purchasing your next car from a private seller, you could consider a personal loan car finance option.

How does a car finance calculator work?

Carboom's car finance calculator is an easy and convenient way to calculate your monthly loan repayments. Simply enter the amount you'd like to borrow, how long you'd like to make your payments over, and whether it's a HP or PCP agreement. Our calculator will then generate an estimate of your monthly cost and the total repayment amount. With Carboom, you can easily compare car finance quotes and work out the best deal for you in minutes. We have a range of flexible and competitive agreements available, so why not see how much you could save on your next car loan today.

Carboom is the UK's premier car financing comparison site. Carboom helps customers compare and apply for a range of different car finance options, making it easy to find the best option for your needs.

Two of the most popular forms of car finance available in the UK are Hire Purchase (HP)and Personal Contract Purchase (PCP). Both HP and PCP offer different advantages in terms of cost, flexibility and potential for ownership.

Hire Purchase (HP) is a straightforward loan agreement where you agree to pay back the money you have borrowed over a fixed term. This option typically requires a larger deposit than PCP but offers greater options for customisation as well as the potential to own the vehicle at the end of the term.

Personal Contract Purchase (PCP) involves a customer making monthly payments over an agreed period, with a balloon payment due at the end of the contract. This option typically requires a lower deposit than HP and can offer more flexibility on repayment terms, but ownership rests with the chosen lender at the end of the period unless you choose to pay off the balloon payment.

Whichever type of car financing you choose, Carboom can help you find and compare the best deals to suit your budget and needs. With Carboom, you can be sure that you are getting the best value for money when it comes to choosing car finance in the UK.

How to choose the right car finance for me

Are you looking for the right car finance to meet your needs? Carboom offers HP (Hire Purchase), PCP (Personal Contract Purchase) and other finance options that allow you to purchase a new or used car and spread the cost of ownership.

HP is the most common form of car finance, allowing you to buy a car and pay for it in monthly instalments over a period of time. The lender retains ownership of the vehicle until the final payment is made, after which you become the legal owner.

PCP is also a popular form of car finance and works by allowing you to make smaller monthly payments over an agreed period of time. At the end of the agreement, you can either return the car to the lender or buy it outright by paying a final lump sum.

At Carboom, we understand that choosing the right car finance for your needs can be a complicated process. That's why we have a team of experienced professionals on hand to help you find the perfect option for you. So, if you're looking for the right car finance to suit your lifestyle and budget, Carboom can help. Contact us today to find out more.

We look forward to helping you choose the right car finance solution!

Am I eligible for car finance?

If you’re looking to buy a car, Carboom can provide car finance that could help you spread the cost. To be eligible for a finance agreement, you must meet the criteria set out by your lender.

You will need to provide proof of age (all applicants must be aged 18 years or over to be considered for car finance), proof of address (typically you’ll have to show where you’ve lived for the past three years), proof of earnings (personal, and household if you have dependants such as children), employment status, a full, or provisional, validUK driving licence.

Will applying for finance affect my credit score?

If you’re considering applying for car finance through Carboom, then it is important to understand how this may affect your credit score. A ‘soft credit check’ allows Carboom to review your credit history without impacting your credit score. This way, Carboom can get an understanding of your financial situation before making a decision on your application. Carboom will only register a ‘hard search’ if the application is successful and you agree to proceed with car finance. Carrying out a ‘hard search’ may have an impact on your credit score, so it is important to think carefully before making this commitment. If you would prefer to get a better understanding of your credit score before submitting an application, you can use sites such as Credit Karma or ClearScore to check your score for free. Carboom is dedicated to helping you find the right car finance package that fits with your needs and budget. Understanding how applying for car finance may affect your credit score will help ensure you make the right decision.

Carboom's car finance calculator simplifies your car finance planning. Input your desired loan amount and choose between HP or PCP car finance options.

Instantly get estimates for monthly payments and total repayment. Compare quotes effortlessly, finding the best deal in minutes. Carboom, the UK's leading car financing comparison site, guides you through popular options like Hire Purchase (HP) and Personal Contract Purchase (PCP). HP involves fixed payments, leading to ownership. PCP offers lower deposits, flexibility, and a balloon payment option.

Carboom's experts assist in choosing the ideal car finance plan. Eligibility requires proof of age, address, earnings, employment, and a valid UK driving license. A 'soft credit check' assesses your situation without affecting your score. Only upon agreement, a 'hard search' is performed, impacting your credit. Carboom is committed to finding your perfect, budget-friendly car finance solution.

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