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Car finance calculator

Good credit
Bad credit
Amount to borrow:
To repay over:
5 Years
Car finance rate XX% APR
Cost of credit £ XXX
Total repayment £ XX,XX.XX
48 monthly payments of
£ 245 /mo

Representative example - Borrowing £5,500 over 4 years with a representative APR of 19.8%, and a deposit of £0, the amount payable would be £162 per month, with a total cost of credit of £2,282 and a total amount payable of £7,782.

Why Carplus?

Compare car finance deals

Compare and find best car finance deals. No hidden fees or charges. No paperwork. FCA approved broker.

No impact to your credit

Getting a car loan quote with will not affect your credit rating. Check your car loan quote for free.

Car finance no deposit

No deposit car finance available on all deals. Check if you are eligible today. Get approved risk-free with soft search.

Instant quote decision

Get your car finance decision in minutes. Check your eligibility first. Apply in confidence with

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What is car finance and how does it work?

Car finance simply makes the entire process of buying a car much easier, as you won’t have to part with a lump sum of cash before you get behind the wheel. Purchasing a car on finance means getting a loan for the car, which you can then pay back in affordable, fixed instalments each month. This allows you to control your finances by making it easier to budget.

Hire purchase (HP) and personal contract purchase (PCP) are the most common forms of car finance agreements, along with guarantor and personal loans. To get car finance, you don’t need a deposit as we have no-deposit finance option available.

It’s important to research the different options available to you when picking a car finance scheme, and make sure that you choose the best, most affordable option for your needs.

Will car finance affect my credit score?

In order to receive a range of quotes from our panel of lenders, we will run a ‘soft’ credit search, which will not have any impact on your credit score. You can get a personalised car finance quote without affecting your credit score.

Who can get a car finance loan?

In order to apply for a car finance loan through Carplus you must:

  • Be aged 18-75 years old
  • Have been a UK resident for at least 12 months
  • Receive an income of £1,000 or above each month

To apply for a car finance loan with Carplus you will need to provide your:

  • Annual income
  • Full home address
  • Contact number and email address

How much will a car finance cost?

Before committing to a car finance loan you will want to ensure you are able to afford your preferred choice of car. The price you pay will vary depending on the:

  • Loan type: Choosing between an unsecured loan, PCP, or hire purchase agreement will have a direct impact on how much you pay each month, and overall.
  • Credit history: The better your credit history, the more favourable the interest rate on the loan will be. The opposite is also true, as lenders want to ensure you can afford to repay the loan without defaulting.
  • Deposit you put down: Putting down a larger deposit will usually mean your monthly instalments will be lower as a result.
  • Interest you take out: The annual percentage rate (APR) will vary depending on your individual circumstances. While a representative APR will be advertised, there is no guarantee you will be offered this figure for your loan. Carplus APR rates start at 5.9%.

What if I have bad credit?

Having a bad credit means that you still might be approved by one of our specialist lenders, although it may not give you access to the best deals available. If you have struggled to get car finance from other lenders, or feel your current credit status could lower your chances, then Carplus may be able to help.

Our bad credit finance deals could be the answer you are looking for, putting you back in the driving seat of your finances. We are experts in car finance for bad credit, we can search for best offers with no impact on your credit, we compare 20+ lenders for the best price and you can buy your car from any dealer.

Why compare car finance with us?

Carplus is a credit broker, not a lender. We make it easy for you to compare a wide variety of car finance and car loan products, all from a range of trusted providers and lenders. Comparing with us costs you nothing!

Using Carplus will not affect your credit rating as only soft searches will be carried out. If a lender makes you a car finance offer, they may need to carry out some more checks.

At Carplus we believe in providing an honest and transparent service to all our customers. Compare car loan quotes to see your exact monthly payments without affecting your credit score.

How car finance process works

Step 1 – Get a free quote

Compare car finance and get a no obligation quote online. Comparing car finance deals doesn’t impact your credit score.

Step 2 – Get approved for car finance

We will compare quotes and deals from UK’s top car finance providers and offer you the best APR on your car loan.

Step 3 – Get any car from any dealer

Buy any car from any dealer or we can help you find your perfect car. You are free to get any car from any dealership.

Step 4 – Sign online and drive away

Sign in one minute via your mobile phone and the car is yours. The process is very simple and you can have a car in less than 60 minutes.

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Questions? Speak to a real person

Comparing car finance and car warranties is what we do, so you will get through to someone who can help. Call us from Monday to Friday (8am - 8pm) and Saturday to Sunday (9am - 6pm).