Calculate monthly car loan repayments, total repayable, and total interest from vehicle price, deposit, APR, and term.
This calculates a standard fixed-rate amortising loan and does not account for arrangement fees, balloon/final payments on PCP agreements, or lender-specific terms. Compare the APR and total repayable figure from any finance quote against these results before signing an agreement.
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Car Finance Calculator works out the monthly repayment, total repayable, and total interest for a standard fixed-rate car loan from the vehicle price, deposit, APR, and term.
Price: £18,000, Deposit: £2,000, APR: 8.9%, Term: 48 months Result: Monthly repayment approximately £397, total interest approximately £3,072.
No. This calculates a standard fixed-rate amortising loan (HP-style) and does not model PCP agreements with a final balloon payment.
No. Some lenders add arrangement fees on top of the APR-based repayment figure — check your finance quote's total cost of credit for the complete figure.
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