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What's Left, step 3 of 7: Can I afford my car?

Car finance calculator

Work out the monthly payment and total cost of financing a car with hire purchase or a car loan.

Uses the APR you are quotedRates checked

By the ComputeNow team, checked against GOV.UK and HMRCSources (1)How we calculate

The cash price.

Including any part-exchange.

Work it out with the savings calculator

Term

From your finance quote.

More optionsPCP final payment, fees

PCP only: the final payment to keep the car.

Admin or option-to-purchase fees. Optional.

No sign-up. No bank login. What you type stays in your browser.

You'll pay

£444.15

a month for 4 years. In total the car costs £23,319, including £3,319 interest.

Where your money goes

  • Borrowed  £18,000.00 (77%)
  • Interest  £3,319.13 (14%)
  • Deposit  £2,000.00 (9%)

What the car costs

Total
Amount borrowed£18,000.00
Interest£3,319.13
Deposit£2,000.00
Total cost of the car£23,319.13

This is an estimate, not advice. For a PCP deal, add the final (balloon) payment under More options. Compare the total cost, not just the monthly payment.

Next steps

What's Left adds up your monthly figures from each calculator and shows what is left each month.

You'll pay £444.15Breakdown

If money's tight, free help is available

It's confidential, it costs nothing and getting advice won't affect your credit score. These services help people every day with bills, borrowing and debts of any size:

Hire purchase, PCP or a loan?

With hire purchase or a car loan you own the car once the last payment is made. PCP has lower monthly payments but a large optional final payment.

A longer term lowers each payment but raises the total interest. We turn the APR into a monthly rate the way lenders do, so the payment matches a typical quote.

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Guides and help

Our guides

Car tax in 2026: rates for every carFirst-year rates, the standard rate and the expensive car supplementUK interest rates and inflation todayAverage mortgage, savings, loan and card rates

Official services and free advice

Check a firm is authorisedFCA register: lenders, brokers and advisersFinancial Ombudsman ServiceFree help with complaints about a lenderCheck MOT historyGOV.UK: mileage and past faults before you buy

Sources

Each source was last checked on .

These results are an estimate, not financial advice. They use the 2026/27 rates in force on 24 October 2026 and the inputs shown, so your actual tax, pay or costs may differ. Before making a decision about your money, check the figures with HMRC or your provider, or speak to a regulated financial adviser. Free, impartial guidance is available from MoneyHelper.

This page explains the rules using the 2026/27 rates in force on 24 October 2026. It is general information, not financial advice. For decisions about your own money, speak to a regulated financial adviser, or get free, impartial guidance from MoneyHelper.