PetrolCalculator

Finance calculator

Car Loan Calculator

Estimate a conventional car-loan payment from the vehicle price, deposit, APR and term you enter.

Estimate finance payments

Enter price, deposit, APR and term to estimate repayment finance.

What your result means

This estimates standard amortising repayment finance. It shows the monthly payment, total repayment and interest from your entered price, deposit, APR and term.

Worked example

A £20,000 car with a £2,000 deposit, 6% APR and 48-month term:

Amount financed
£18,000.00
Estimated monthly payment
£422.73

The calculation does not assume a final balloon payment.

Formula

The monthly rate r is APR divided by 12. At 0% APR, the amount financed is divided evenly by the number of months.

Term sensitivity for the example

TermMonthly paymentEstimated interest
36 months£547.59£1,713.42
48 months£422.73£2,291.07
60 months£347.99£2,879.43

Assumptions and limitations

  • Results are estimates based on the values entered. Actual finance agreements may include fees, different interest calculations and other terms.
  • No balloon payment, arrangement fee, early settlement or missed-payment charges are modelled.

Helpful questions

How is this different from PCP?

This is standard repayment finance with no final balloon. Use the PCP Car Finance Calculator when a final payment is part of the model.

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