Finance Calculator

How much can you borrow?

We have access to a panel of lenders to find a deal that suits you. By understanding your finance options first, you can shop for a car with a budget in mind.

Try our finance calculator

Rates from 8.40%: the exact rate you will be offered will be based on your circumstances, finance offers subject to status.

months
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You could borrow up to

You could borrow up to based on excellent credit rating

Representative APR: %. Fixed Rate(Per Annum): %.
Cost of Credit: .00. Total Repayable: .00.

Trying to work out how much to borrow for car finance can be a complicated process. Thanks to our car finance calculator, knowing how to calculate car finance payments is made simple.

This guide on our used and new car finance calculator could see you borrowing money in a matter of moments.

How To Calculate Finance Charge On Car Loans

Our car finance calculator is free and couldn't be easier to use. All you need to know is your credit score, how long you would like your credit term to be and what monthly payments you can afford.

Once you enter those three pieces of information, our finance calculator will work out how much you can borrow.

Typically, the better your credit rating, the more you can borrow. With a lower credit rating, you may need to increase your monthly payments to borrow the same amount of money someone with a better rating pays.

Once you have found a borrowing amount that works for you, our calculator can take you to the new cars and used cars available at your price range. This makes buying a car with FairSquare nice and simple.

Our car finance calculator does all of the hard work, all you have to do now is find the perfect car for your budget. Credit terms range from as short as 36 months to as long as 60 months.

Monthly payments range from £150 to £2,000, so there are options no matter your budget. Based on your credit rating, your APR will be higher or lower and the same goes for your fixed rate.

Why Finance Your Car With FairSquare?

FairSquare operates independently. This distinction allows us to find the very best credit options for our customers.

Unlike most dealerships, we are not limited to the lending companies we work with.

Instead, our independent status allows us to negotiate with a range of lenders to provide finance options to customers of all credit ratings. Thanks to our great partnerships with car dealer groups around the country, we can also offer some of the best prices on the market.

To save our customers even more money, we take a below-market commission with no incentives from credit companies to offer finance through them.

We care about being open and transparent, which is why there are no hidden costs when you buy through FairSquare.
In fact, we outline everything to help give you an informed overview while saving you time making a decision.

Our soft-search credit checks won't show up on your history, but will give you all of the information required to make an informed decision about car finance.

FairSquare's car loan calculator puts you in control of the deals you see with no pressure to allow you to make decisions in your own time.

While many finance offers can seem great at first glance, they often end up being too good to be true. The low prices you see remain low throughout the buying process, helping you save money through low-priced cars and affordable finance.

FairSquare is regulated by the Financial Conduct Authority and all FCA permissions are in place. With a fully-online platform, our running costs are much lower than most dealerships and we pass those saving onto our customers.

Our auto finance calculator will allow you to borrow from as little as £5,000 up to £60,000. With free delivery at a time that suits you, FairSquare is aiming to become the market leader in online car finance.

If you change your mind about your new or used car, you can return it with our 14-day money-back guarantee.

Our Finance Options

Over three-quarters of car sales are done through finance, but research indicates that not everyone fully understands the deal they are agreeing to.

At FairSquare, we make everything transparent so you know exactly what you are agreeing to.

We believe that choosing the right finance option for you is just as important as choosing the perfect car.

Our affordable Personal Contract Purchase and Hire Purchase finance options allow you to choose which form of borrowing works best for you.

Personal Contract Purchase

By choosing a Personal Contract Purchase (PCP) finance option, you are agreeing to a lower monthly cost, but you must maintain the car to high standards. Typically, this involves repairing any damage and agreeing to a mileage limit per year.

These agreements are in place to protect the Guaranteed Future Value (GFV) as a large portion of the borrowing amount is paid at the end of the contract. It means you do not actually own the car until all of the PCP finance is paid.

With a high GFV, it can be costly to buy the car outright. This final payment option is what you must pay if you wish to own the car. However, you can agree to return the car at this time. It's a great option for someone who wants to change cars after a few years.

Hire Purchase

If you are looking to own your car at the end of the finance agreement, Hire Purchase (HP) is typically the best way to go.

It balances a higher monthly cost with a lower balloon payment at the end of the term. Additionally, you won't be restricted by mileage.

At the end of your finance term, you can either pay the relatively small balloon payment to own the car or part-exchange it towards another car.

Our used car finance calculator can help you find the perfect car for whichever finance option you prefer.

The Whole Cost

A finance agreement isn't just about the monthly costs, it also includes the deposit and the charges at the end of the term.

When you enter your credit details into our car finance payment calculator, you get plenty of information in return.

Besides the amount you can borrow, our car loan finance calculator will also explain the total repayable fee. This takes APR into consideration and lets you know the whole cost of the loan.

FAQs

How Much Can I Borrow To Buy A Car?

Borrowing with FairSquare is simple and in just a few clicks you can have a new or used car sent to your door.

Our lenders allow customers to borrow anywhere between £5,000 and £60,000.

With such a range of borrowing amounts, we're confident you can find the perfect next car with FairSquare.

What Is APR?

APR, or Annual Percentage Rate, is a common term used by money lenders.

It is a way to measure the interest rate for financial services like personal loans or Hire Purchase agreements.

The APR represents the amount of interest you will pay each year, so the lower this is the less you will be paying for borrowing money.

What Is Mileage/Excess Mileage?

When entering a Personal Contract Purchase finance agreement, you will have to stick to a certain amount of annual miles driven.

This is to protect the Guaranteed Future Value of the car you are driving and there are penalties for exceeding the limits.

If you have driven more miles than agreed you may be forced to pay large amounts in compensation. Depending on your lender, you can be charged as little as 4p per extra mile or as much as 27p.

Failing to accurately calculate how many miles you drive per year could cost you a lot!

Where Does The Finance Information Come From?

The finance information generated by our calculator is provided using example offers from our lenders.

These figures may change depending on your credit rating but our soft-search approach won't affect your credit score.

Once you find the deal for you, it's just a case of a few clicks and your new car will be on its way to you.

Are The Monthly Prices Guaranteed?

All of our fees are up-front and on display before you go ahead and make your purchase.

Lenders have to inform you what the APR is before you sign an agreement so you know exactly what deal you are agreeing to.

It may vary from lender to lender, but it will stay the same once you enter the agreement.

Legal disclaimer: FairSquare Europe Limited is a company incorporated in England & Wales (Reg No: 08023305). and having its Registered office address at 3 Brindley Place, Birmingham, B1 2JB. FairSquare Europe Limited is authorised and regulated by the Financial Conduct Authority for credit-related regulated activities, Firm Reference Number 715086

We act as a credit broker not a lender. Fairsquare shall act independently in sourcing credit from our panel of funders.

As a credit intermediary, we maintain a panel of Lenders who are reputable and experienced in the motor finance industry and consumer credit sector and offer products and services to suit a variety of credit strengths.

FairSquare is committed to ensuring that applications for credit to finance your car are placed with the most appropriate funder for a transaction. As we act as a credit broker, we will receive a fixed commission for introducing you to a finance provider, any such amount a lender pays us will not affect the interest rate you pay under your finance agreement, all of which are set by the lender concerned.

Finance is subject to status. Applicants must be 18 or over.