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.

Carplus will find the best car loan rate from our panel of lenders and will offer you the best possible deal. We don’t charge fees, but we earn a commission. This does not influence the APR you’re offered in any way.

We compare car finance deals for you

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  • PCF Bank logo
  • Moneybarn logo
  • Marsh logo

Take advantage of our amazing provisional license deals with interest rates starting from only 5.9%. No fees or deposit required and we take care of all the boring paperwork.

  • All credit backgrounds welcome
  • Instant decision and fast payout
  • Amazing loan rates available
  • No obligation free quote

Use our car finance calculator to find the right repayment schedule that suits you.

Get instant car finance quotes from the UK’s leading providers

To ensure you get the best deal possible we compare quotes from all the UK’s leading car finance providers so you can find the one that best fits your lifestyle.

Can I get car finance with a provisional license?

Even if you do not have a full UK driving licence and currently have a provisional licence you may still be able to secure car finance. How much you will be able to borrow will depend on the type of car you want to drive. Depending on the terms laid out by the individual lender, in most cases you will have a borrowing limit of around £25,000 – which is still enough to ensure you are able to drive a fantastic new car. In order to receive car finance you must be able to legally drive the car. However, owning a provisional license does not guarantee you will also take the full driving test, which means lenders will place a limit on the amount of credit you can borrow. By applying for car finance with a guarantor, you stand a better chance of being approved.

Joint applications

If you have a provisional license you also have the option to submit a joint application with another person. As long as they live at the same address as you (partner, wife, husband, parent, etc.), you can apply for car finance credit. This is one of the most common ways that provisional license holders successfully apply.

If I have insurance and apply alone, will that make a difference?

Applying by yourself with insurance may help your chances of approval by a small margin, but our experts advise you stand a much better chance with a guarantor. Even if you have poor or bad credit, or have received a CCJ, IVA or bankruptcy in the past, the experience our panel of lenders have with processing these types of applications means you always stand a chance of being approved.

Interest rates will vary, depending on the lender, and when combined with monthly insurance requirements, the repayment schedule may prove too high. By applying through Carplus you gain instant access to the very best car finance deals available today, enabling you to find an affordable package based on your individual circumstances.

How to apply for car finance with Carplus

To find out more about car finance for provisional license holders, get in touch with our friendly customer service team today. We can answer all of your questions and help you find the right option that suits you. It’s our job to remove the hassle and to make the process as simple and straightforward as possible. No matter your credit history you may be able to get the car finance you need to be sitting behind the wheel of a brand new car within days.

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