Car Finance Calculator
You
need to put as much thought
into how you will finance your new car purchase as
you do into choosing the make, model and age of the car you are going to buy.
Millions of
people across the UK use car finance. In fact, the Finance and Leasing
Association states that around half of all new car registrations in Britain in
2009 were financed by its members. This is equivalent to £16.5 billion of motor
finance.
Car finance
products work like any other loan, so you need to know the interest rate
you'll be charged and the length of the loan in order to
work out your monthly repayment. The interest rate can vary
significantly between lenders depending on
the repayment duration and is usually set at the
outset for the life of the loan.
You can
use our free car finance loan calculator to determine the monthly repayments
for any amount of loan and see if it suits your budget.
