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.

 
Halifax changing to Lloyds graphic

The Halifax brand is changing to Lloyds

You can still apply for Halifax car finance if you're using the Halifax app and online banking. If you've moved to Lloyds, head to Lloyds for car finance.

Halifax and Lloyds are part of the same family of brands. You'll get the same great service from the people you know and trust.

Get a quote with Halifax

Learn about the brand change and how it affects Halifax car finance.

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 £303.80. Total amount repayable will be £14,592.40 (including £10.00 purchase fee). Representative 5.9% APR, annual interest rate (fixed) 5.71%.

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

Get a quote for car finance

You can apply for car finance if you’re 18 or older, a UK resident and have had a Halifax, Lloyds or Bank of Scotland current account for at least 3 months. Credit is subject to status and additional affordability checks.

Apply using the Halifax app

You must be registered for online banking to apply in the app.

Once you're in, select 'Apply', 'Loans and Car finance', then 'Car finance’.

Apply using Halifax online banking

We'll take you to the right place to get started.

Log in to get a quote

Moved to Lloyds?

If you're not using the Halifax app and online banking or you’ve moved to the Lloyds app and online banking, head to Lloyds for car finance.

Lloyds car finance

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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 could help lower your monthly payments or spreading the cost of a final lump sum to own the car.

Switch to us

Borrowing options

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

Borrowing options

Car finance

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

More about car finance

Car finance

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

More about car finance