How is car finance calculated?

Here's how we calculate the interest on your car loan 

Buying a new car should be an exciting time!

That’s why we aim to make the process as smooth as your new set of wheels.

We calculate car finance by taking into account the loan amount, the term of the loan, as well as the current interest rate. There may also be other factors that affect these calculations when assessing whether you’re a low- or high-risk applicant, such as:

  • Weekly earnings
  • Credit ratings
  • Marital status
  • Time with current employer

To get an estimate on your next car loan visit our calculator, contact us, or phone our friendly team on 0800 229 943 to have a chat.

Stepping into the car dealership? Remove the stress with our guides:


More frequently asked questions about our vehicle loans

You may find the answer on one of the pages below:

If you have not found your answer, please feel free to contact us.


Want to know your options?

Use our vehicle loan calculator