Car finance calculator

Amount to borrow

Must be between £3,000 to £50,000

Choose lenght of contract

24 months
36 months
48 months
60 months

Assuming your credit profile is

Estimated payments

These estimates are subject to credit checks and may change when you apply for finance.

Hire Purchase (HP)

APR 5.9%

48 monthly payments of


Total charge of credit
Total amount payable

Personal Contract Purchase (PCP)

APR 5.9%

48 monthly payments of


Optional final payment
Total charge of credit
Total amount payable

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What is personal loan car finance?

Personal loan car finance is an unsecured loan on the car you want to buy. The money can be borrowed from a finance lender and then used to purchase a car that is within your budget. You will then have to repay the loan over an agreed term, which will also include additional interest.

Can I get personal loan car finance with bad credit?

You may be able to secure a personal loan to buy a car even if you have bad credit. Some of the lenders we work with at Carplus specialise in this area and assess every application on a case-by-case basis.

When you make an application with Carplus it will not have any effect on your credit score. We process your details and attempt to match you with relevant lenders most likely to accept your application. Only if you proceed with the personal loan application will you undergo a full credit check by the lender, which could affect your credit score.

What are the advantages of personal loan car finance?

  • It’s easy to apply for and you can have an answer within a few minutes.
  • There are a variety of repayment options available to suit your budget.
  • You have more control to modify the car without any permission needed.
  • With a personal loan you are a cash buyer, so you may be able to negotiate a better price.

What are the disadvantages of personal car finance?

  • Monthly instalments can be higher for this type of loan than other types of finance.
  • You will own the car outright which means you must pay for any repairs and maintenance.
  • The car’s value will depreciate over time and will be worth less than when you bought it.

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