Car Finance Payment Calculator - Hire Purchase
The car finance calculator does not constitute an offer, it is an indication of cost. Your chosen Stoneacre dealership will clarify final deal details. Total Repayment and Total Cost of Credit include a £399.00 Option Fee, depending on the lender.
Representative Example
This represents an average of the deals that our customers receive on other vehicles
We are a credit broker and a lender. We can introduce you to a limited number of lenders and their finance products. We will provide details of products available, but no advice or recommendation will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. Lenders will pay commission to us (either a fixed fee or a fixed percentage of the amount you borrow) for introducing you to them, this may be calculated in reference to a variable factor such as (but not limited to) the vehicle age, your credit score and the amount you are borrowing. Different lenders may pay different commissions for such introductions. Offers available to everyone over the age of 18, subject to credit approval.
How does our HP car finance calculator work?
Our Hire Purchase (HP) finance calculator can give you an idea of your monthly costs, taking into account the price of your car and the amount of interest. HP finance has fixed monthly payments, so you can rest assured that you’re always paying an amount that’s within your budget.
In a few simple steps, our car finance repayment calculator will provide an indication of your monthly costs. You can then alter the details to see how your deposit and decided length of term may affect these monthly figures.
Ahead of checking your eligibility for finance, you can get an idea of how much you might pay using our Hire Purchase calculator. Following your eligibility check, our dedicated team will be with you all the way on the road to you getting your new car.
How to calculate affordability for car finance:
Before you use our car financing calculator, one of the main things to consider is how much you can afford to borrow. Affordability is factored into our car finance eligibility checker, so it’s crucial that you can comfortably make these car payments.
When considering car finance, look beyond the monthly payments as there are various other costs that are associated with owning a car, such as road tax and car insurance as well as fuel costs and repairs. It is important to include these in your budget.
While lenders tend to differ in some ways regarding their criteria for credit, it is generally advised that no more than 20% of your take-home pay is spent on financing a car. By using this rule, you can determine your monthly budget for car finance, and be safe in the knowledge that there is some margin should your financial situation change.
Once you work out your budget, you can fill out the following fields...
Credit Rating
Your credit rating will affect your rate of interest. If you have good credit, you will have less to pay. You should work towards improving your score, but we cater for all circumstances.
Your Deposit
When you provide an up-front payment, a larger deposit means there's a smaller amount left to finance. This could help keep your monthly repayments low and affordable.
Vehicle Price
We have a great selection of new and used cars available, so we're sure to have the right one for you, no matter your price range. Set your budget and start your car search today!
Payment Term
You can spread the cost of your car over 12-60 months. Shorter agreements will have larger monthly payments and less interest. The opposite applies to longer contracts.
...this will help us to work out your potential car finance costs.
Monthly Payments
Using the information provided, our monthly car finance calculator can provide some potential monthly costs. This can help you work out what your car payment might look like.
Interest Rates
Based on information such as your credit score, our Hire Purchase finance calculator can display the best rates available to you based on your specific circumstances.
Total Cost of Credit
Our car finance cost calculator will also highlight the total cost of credit, so you can consider every finance expense. These are expenses charged to the borrower.
Total Amount Payable
Our Hire Purchase finance calculator works out the total amount by combining your interest with the car's monthly payments. This shows how much you can expect to pay overall.
The calculator's figures are estimates - you would have to make a finance enquiry ahead of getting a full quote.