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Car finance calculator

Motorpoint’s car finance calculator shows you how much it could cost to finance your next car.

This will help you work out what kind of car you could afford and how much you want to borrow. It estimates monthly payments for both PCP finance and HP finance options.

Calculate your car finance payments

How does the Motorpoint finance calculator work?

Enter the vehicle price, your deposit, preferred finance term, and annual mileage, and we’ll show you an estimated monthly payment.

The calculator returns a representative finance example based on:

The amount borrowed
The length of loan
Your annual mileage

Please note: Results and monthly repayments provided by the calculator are for illustrative purposes and are generated based on the information you have provided. Your actual finance options will differ depending on the specific vehicle you want to finance and your personal circumstances.

Read our full terms and conditions for more info. For questions about Motorpoint finance, please read our FAQs

Your Finance Options

Motorpoint Ltd is authorised and regulated by the Financial Conduct Authority (FCA) for consumer credit, our FRN is 684004, register.fca.org.uk. As an FCA-regulated credit broker we are not independent nor representative of the whole market. We can introduce you to a selected group of lenders either directly with Black Horse Ltd or via a broker, Direct IFA’s Ltd, who may be able to help you finance your purchase.

This group of lenders provides us with a range of products which we deem suitable for your purchase (subject to status) and we will explain the key features of those products so you can make an informed decision.

We do not charge fees for our Consumer Credit services. We will be paid a commission for introducing you to our selected group of lenders, this will be a percentage of the amount that you borrow.

The commission amount will be disclosed once your Finance Agreement has been accepted with one of our lenders.

Car finance in 3 simple steps

Check how much you can borrowUse the finance calculator to see how much PCP or HP finance will cost based on your deposit, mileage and contract length

Find your perfect carSearch thousands of nearly new and used cars, and filter results based on your monthly payments

Drive awayGet a quick decision from our providers and drive away as soon as you’re approved

Am I eligible for car finance?

Car finance is available to people who are:

At least 18 years old
A UK resident
Acceptance will take into account your credit history

Car finance explained

Car finance is a way to buy a car by spreading the cost over a few years. You borrow all or part of a car’s value from a finance provider and make monthly repayments for a few years. It means you don’t need to save up the car’s whole cost in one go and is easier to factor into your monthly budgeting.

There are two main types of car finance:

PCP finance – you borrow a portion of a car’s value over a few years. At the end of the agreement, you can pay (or refinance) a ‘balloon payment’ to own the car, hand the car back, or roll any equity into another finance agreement
HP finance – you borrow the car’s whole value and repay the whole thing over a few years, resulting in higher monthly payments than PCP. At the end of the agreement, you own the car outright with no balloon payment