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Car finance calculators

We are a credit broker, not a lender.

Work out payments, what your car could be worth, and what it could cost to settle early. Quick, free and no sign-up.

£ Finance calculator Compare HP and PCP monthly payments Open calculator → ↓ Depreciation calculator See what a car could be worth over time Open calculator → ✓ Early settlement calculator Estimate what it costs to pay off early Open calculator →

Finance calculator

What could your monthly payments be?

Compare HP and PCP side by side. An illustration only, not a quote.

£15,000
£3,000£60,000
£1,500
£0£7,500

Term

How would you describe your credit history?

Example rate for good credit: 13.9% APR

HP

Hire Purchase

£363

per month for 48 months

Amount of credit£13,500
Interest charges£3,912
Total amount payable£18,912

The car is yours once all payments are made.

PCP

Personal Contract Purchase

£274

per month for 48 months

Amount of credit£13,500
Optional final payment (est.)£5,550
Interest charges£5,209
Total amount payable£20,209

Lower monthly payments, with options at the end. Mileage limits apply.

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Soft search • No obligation • Finance subject to status

Representative example: Cash price £10,000. Deposit £0. Amount of credit £10,000 over 48 months. 48 monthly payments of £292.72. Total charge for credit £4,050.64. Total amount payable £14,050.64. Rate of interest 17.80% p.a. (fixed). Representative 19.33% APR. Rates from 9.9% APR.

This calculator is for illustration only and is not a quote or an offer of finance. Rates shown are examples. The rate you're offered depends on your circumstances, credit history, the vehicle and lender criteria. PCP optional final payments are estimates; the actual figure is set by the lender and depends on the vehicle and agreed mileage, with charges for excess mileage or damage. Finance subject to status. Applicants must be 18 or over. Torque Motor Finance is a credit broker, not a lender.

Depreciation calculator

What could your car be worth?

An estimate of how a car's value could drop over five years.

£20,000
£3,000£80,000

Type of car

Fuel

Estimated value after 5 years

£9,409

Keeps about 47% of its value · around 14% a year

Today £20,000
Year 1 £17,200
Year 2 £14,792
Year 3 £12,721
Year 4 £10,940
Year 5 £9,409
Total drop in value£10,591

A rough guide only. Real values depend on make, model, mileage, condition, service history and the market when you sell.

Early settlement calculator

What could it cost to pay off early?

Already on HP or PCP? Get an idea of your settlement figure and how much interest you could save.

£15,000
13.9%
48 months
20

Estimated settlement figure

£9,882.49

after 20 of 48 payments

Interest you could save£1,402.98
Monthly payment£403.05
Paid so far£8,061.05
Payments left28
Cost if you see it through£11,285.46

Thinking of changing your car? We can help you look at your options.

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An estimate only, assuming payments made on time and a fixed rate. By law, lenders can add up to 58 days' interest to a settlement figure, which is included here. Your lender will give you the exact figure, which may include fees. Ask your lender for a settlement quote before making any decision.