Vehicle Finance Calculator
Estimate Your Monthly Payments
Thinking about financing your next vehicle? Our calculator gives you an instant, detailed estimate of your monthly payments across three finance products: Hire Purchase, Personal Contract Purchase (PCP), and Lease Purchase, so you can compare your options and plan with confidence before you apply.
How to use the calculator
Getting your estimate takes seconds. Simply enter the following details:
- Vehicle Price – the total price of the vehicle you’re considering.
- Deposit Amount – the amount you plan to put down upfront. A larger deposit reduces the amount you borrow and lowers your monthly payments.
- Representative APR – use the slider to set the interest rate. We display a representative APR of 9.9% as a starting point, though the rate offered to you will depend on your individual circumstances and the lender.
- Term – how many months you’d like to spread the repayments over.
For PCP and Lease Purchase, you can also adjust the GFV or balloon payment using the percentage slider; this is the lump sum at the end of the agreement that reduces your monthly payments. We’ve set a sensible default based on typical lender valuations, but you can adjust it to explore different scenarios.
What the calculator shows you
Once you hit Calculate, you’ll see a full breakdown for your chosen finance product:
- Monthly payment – your estimated payment for the selected term and rate.
- Payment schedule – a breakdown of your first payment, regular monthly payments, and any final payment.
- Finance summary – including the amount of credit, total charge for credit, total amount payable, representative APR and rate of interest.
- Total cost breakdown – a visual showing how your total cost is split between deposit, principal, interest, and any balloon or GFV payment.
Choosing the right finance product
Not sure which product is right for you? Each tab includes a short explanation and a link to our full guide:
- Hire Purchase (HP) – fixed monthly payments with no balloon. You own the vehicle outright at the end of the term.
- Personal Contract Purchase (PCP) – lower monthly payments with an optional final GFV payment. Ideal if you want flexibility at the end of your agreement.
- Lease Purchase – similar to HP but with a deferred balloon payment. Available on finance balances of £25,00 or above.
Ready for a precise quote?
Our calculator is designed to give you a realistic, informed starting point, but the figures are indicative and will vary based on your personal circumstances, the vehicle and the lender. When you’re ready for an accurate quote tailored to you, apply for finance here or get in touch with our team directly. We’ll match you with the most suitable product and lender from our panel.
Please note that each finance product is subject to the vehicle meeting individual lender criteria and is subject to status. Applicants must be aged 18 or over.
Vehicle Finance Calculator
Get an indicative monthly payment estimate across different finance products