Car finance calculator

On the hunt for a new car? Use a handy car finance calculator to work out how much you might pay each month on our Personal Contract Purchase (PCP) or Hire Purchase (HP) plans.

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How our car finance calculator works

Explore the cost of car finance by adjusting the figures. This calculator is an illustration only. You can get your personalised rate by logging into online banking. You can see how much you could borrow without affecting your credit score.

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.
£

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.
£

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

Hire Purchase representative example

You could borrow £13,000 over 48 months with 48 monthly repayments of £302.67. Total amount repayable will be £14,538.16 (including £10.00 purchase fee). Representative 5.7% APR, annual interest rate (fixed) 5.52%.

Option 1

Personal Contract Purchase (PCP)

Annual Percentage Rate, or ‘APR’, gives you an idea of how much it could cost each year, in interest, including any standard fees, to borrow money. The APR is shown as a percentage.

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.

Personal Contract Purchase (PCP) final payment will be the optional lump sum.

Option 2

Hire Purchase
(HP)

Annual Percentage Rate, or ‘APR’, gives you an idea of how much it could cost each year, in interest, including any standard fees, to borrow money. The APR is shown as a percentage.

N/A

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 would like to finance.

See our range of car finance options

Ready to start your car finance journey?

Car finance

Learn more about our car finance options to help you find the right way to pay for your next car.

Car finance options

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Car leasing

A car lease works like a long-term rental. It allows you to drive a new car for an agreed period of time and mileage for a fixed monthly rental. 

You won’t have the option to own the car, but it does mean you could drive a brand-new car within your monthly budget.

Take a look at leasing

Refinancing your car

Refinancing with Halifax could help you get a better deal by lowering your monthly payments or even spreading the cost of a final lump sum to own the car.

If you bank with us, you could switch your current car finance from elsewhere to us.

Switch to us

Borrowing options

When borrowing money, you need to make the right choice for you and your circumstances.

Borrowing options

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Car finance

Compare your options, check out our calculator or get some help.

More about car finance