Car Loan Calculator UK
Work out the monthly payment, total interest and total cost of HP or PCP car finance, including deposit and balloon payment.
Calculate car finance
What is this calculator?
This car finance calculator works out the monthly payment and total interest on a car loan. Enter the car price, your deposit, the interest rate and the term, plus any final balloon payment for PCP deals.
It works for Hire Purchase (HP) and Personal Contract Purchase (PCP), as well as a straightforward personal loan used to buy a car.
How to use this calculator
- Enter the required details in the form above.
- Click the “Calculate” button.
- Review the results and compare your options.
- Download the result as CSV or share it as a link.
Frequently asked questions – Car Loan Calculator UK
The calculator uses standard financial formulas – the annuity (PMT) formula for loans and the compound interest formula for savings. Results are indicative; a lender's or creditor's final figure may differ slightly, for example because of rounding conventions.
Yes. Every calculator on InterestCalc.co.uk is completely free, with no sign-up or registration. You can use it as many times as you like.
Your calculations are saved only in your own browser (local storage) so you can come back to them. Nothing is sent to a server or shared with third parties.
Yes. There's a “Share result” button that creates a link to your calculation, and you can export a repayment schedule as a CSV file for Excel.
A lender's final offer can include individual terms – a personal rate, fees or a rate cap – that a general calculator can't know. Use the result as an indicative comparison figure and always ask the lender for a written quotation.