Car Finance Calculator

When you're looking for a car, our handy calculator can help. You can see  how much a Fixed (Hire Purchase) or Flex (Personal Contract Purchase) Car Plan could cost each month.

This calculator shows what your monthly repayment could be. The actual repayment could be lower or higher depending on your personal circumstances and the make, model and age of the car you'd like to finance. Get your personalised rate by signing in to Online Banking.

How our car finance calculator works

To find out what you could pay each month, enter the full price of the new car, the deposit and how long you want to borrow for.

The calculator also shows what your APR could be. The APR is how much it will cost for your total borrowed amount as a percentage.

What's this?

This is the total price of the car you want to buy or the price you’ve negotiated with your dealer. If you haven’t chosen a car, enter the amount you plan to spend.

What's this?

Your deposit is the amount of money you pay upfront to secure the car. Include any part exchange paid for your existing car, if you’re trading it in.

What's this?

You can choose how many months (between 12 and 60) you want to repay your car finance over. The longer the term the lower the monthly repayments, but the more you’ll pay in interest.

Please enter a term between 12 and 60 months

Option 1

Flex Car Plan (PCP)

Optional Lump sum

This is the final payment due if you want to keep the car. It's our predicted future value of the car at the end of the finance agreement and only applies to Flex Car Plan (PCP). You can either pay the optional lump sum to own the car, or hand the car back – return conditions apply. To find out more, view our product comparison page.

Total repayments

The Total Repayment shown for Flex Car Plan (PCP) includes the optional lump sum.

Flex Car Plan (PCP) final payment will be the optional lump sum.

Option 2

Fixed Car Plan (HP)


HP Representative example:

You could borrow £13,000 over 48 months with 48 monthly repayments of £290.87. Total amount repayable will be £13,971.78 (including £10.00 purchase fee). Representative 3.6%APR, annual interest rate (fixed) 3.51%.

You can apply if you're:

  • A Halifax main personal current account holder (minimum 3 months)
  • Registered for Internet Banking
  • Aged 18 or over
  • A UK resident.

Lending is subject to status and additional affordability checks.

Car finance in 3 simple steps

Check out your options

Choose the amount and term of your new finance.

Get an instant decision

Apply online to see if you're approved.

Just sign in and go

Get on your way while we sort everything with the dealer or existing finance provider.

Sign in to get started

Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.