The car finance calculator is meant as a means of helping you to determine what level of loan you can afford, and to calculate the repayments that you will have to make. Using this information, you will be in a better position to apply for an appropriate loan and you will know how much you can spend on your next car.
Like Car Finance can help people in virtually all financial positions, and whether you have an excellent credit rating or you’ve missed payments, we may be able to provide you with the finance you need in order to get a new car. Your credit history will determine the interest rate, and therefore the amount that you have to repay.
Paying a deposit isn’t always necessary, but some lenders do require it. It will help you to reduce your monthly repayments, and the total amount that you have to pay back, if you are able to make a deposit payment, even if it is only a relatively small amount. Rather than using your deposit to reduce your monthly payments, you can use it to increase the amount of money you have to buy your new car, so you can buy something newer or better.
The car finance calculator is meant as a guide, and Like Car Finance cannot guarantee that any of our lenders will be able to match the rates that you receive. Lenders take many factors into account, and complete their own credit scoring process, but we have provided the calculator to provide you with representative figures, and to provide you with a guide of how much you can borrow, for how long, and how much you will have to repay.