What car finance lenders check
Lenders run a credit check and look at your income and outgoings. Your credit history affects both whether you're accepted and the rate you're offered.
Worked example
£350 a month at 9% over 48 months would finance about £14,064.67, with £2,735.33 of interest. Add your deposit to see the car price you could afford.
Before you apply
This is an estimate. Lenders make their own decision based on your full circumstances and credit history.
Remember running costs such as insurance, fuel and servicing when deciding what you can afford each month.
Inputs for the car loan eligibility calculator
Monthly payment you can afford
What you could comfortably pay each month on finance.
Interest rate (per year)
The annual interest rate on your finance. The rate shown is only an example, so enter the rate from your quote.
Term
How many months you'll repay over. A longer term means paying interest for longer.
CALCULATOR QUESTIONS
Car loan eligibility calculator questions
How much car finance can I get?
It depends on what you can afford and your credit history. Enter an affordable monthly payment above.
Does my credit score affect car finance?
Yes, both acceptance and the rate offered.
Should I include my deposit?
Add your deposit to the amount financed to see the car price you could afford.
Is this a guarantee?
No. The lender decides.