Car Finance Calculator

1. How to calculate car finance repayments Depending on how much you want to borrow, it will be difficult to know how much your car finance payments will be, so that’s definitely a good first step! Although, without knowing how to calculate car loan interest, you may also find it tricky. Usually on car finance agreements, interest is calculated on a flat annual rate, but your interest rate will depend on your circumstances and affordability. Your monthly payments will also depend on whether you take your loan for a longer or shorter period of time. The most common lengths for car finance agreements are: 12 months, 24 months, 36 months, 48 months and 60 months. Some lenders offer a longer term than this, sometimes up to 84 months, but you have to consider if you’d want to keep a car for this long or not! Car Finance Calculator

2. How much are car loan rates usually? The rate you will be offered may not be the same as your friend or family member. This is because each lender has some specific criteria that looks at your individual financial circumstances. Car finance rates usually range between 6% and 30% APR. You can use our car finance interest rate calculator above to work out exactly what rate you’re paying! Address:- Argyle House, 29-31 Euston Road, Kings Cross, London, NW1 2SD Visit us :- https://www.carmoola.co.uk/calculator