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.

Compare car finance from 20+ trusted providers without affecting your credit score

Car finance for provisional license holders

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.

Car finance with a guarantor

To improve your chances of being approved for car finance, it helps to have a guarantor in place. If they are a fully insured UK driving license holder this will increase the likelihood of your application being accepted.

Both parties will have to undergo credit and affordability checks to verify your suitability. Before applying for car finance credit you should be aware of your current credit score, as a failed application could have a negative impact on your credit rating. The guarantor must be aware that they become fully responsible for the finance repayments during the contract term in the event that you are unable to pay. You may also be asked to pay a higher rate of interest by the lender as applying with a guarantor creates a higher level of risk.

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.

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).