Car finance calculator

On the hunt for a new car? Use our handy car finance calculator on our Personal Contract Purchase (PCP) or Hire Purchase (HP) plans to work out:

  • The monthly repayment of the car you’d like to buy
  • How the cost compares from PCP to HP
  • The total repayment at the end of the term

£250 cashback when you choose Lloyds car finance

Whether you're buying your next car or switching your existing car finance agreement, our cashback offer puts money back in your pocket.

We're offering £250 cashback to Lloyds customers who use HP or PCP finance to buy their next car, or who refinance an existing car finance agreement with us. To qualify, take out finance with us on or before 30th November 2026.

Representative 6.2% APR when you borrow between £7,000 and £25,000 on a Hire Purchase agreement.

    • It's exclusively for Lloyds customers who use HP or PCP finance with us.
    • To qualify, take out finance with us on or before 30th November 2026.
    • Once you've made your first finance payment, we'll pay £250 into the same account within 14 days.
    • You'll automatically receive cashback if you qualify. You won't need to contact us to claim it.
    • You won't qualify for the cashback offer if you withdraw from your agreement within 14 days of signing it.
    • You'll also lose eligibility for the offer if you settle your agreement in full before making your first scheduled repayment.
    • We base all our lending decisions on status and affordability checks.
    • We reserve the right to withdraw this offer at any time.

Why get car finance with Lloyds?

Flexible borrowing options.

Choose between Personal Contract Purchase (PCP) and Hire Purchase (HP) plans for your new car. Use the car finance calculator to see what best fits your budget.

Getting a quote is easy

It only takes a few minutes to get a quote, and it won’t impact your credit score.

Try the car finance calculator

Explore the cost of car finance using the Lloyds car finance calculator. Compare the price and terms of PCP and HP.

This finance calculator is an illustration only. You can get your personalised rate by logging in to online banking.

This is the total price of the car you want to buy or the price you’ve negotiated with your dealer. If you haven’t chosen a car, enter the amount you plan to spend.
£

Your deposit is the amount of money you pay upfront to secure the car. Include any part exchange paid for your existing car, if you’re trading it in.
£

You can choose how many months (between 12 and 60) you want to repay your car finance over. The longer the term the lower the monthly repayments, but the more you will pay in interest.

HP Representative example

You could borrow £13,000 over 48 months with 48 monthly repayments of £305.49. Total amount repayable will be £14,673.52 (including £10 purchase fee). Representative 6.2% APR, annual interest rate (fixed) 6%.

Option 1

Personal Contract Purchase (PCP)

Annual Percentage Rate or APR, gives you an idea of how much it could cost each year, in interest, including any standard fees, to borrow money. The APR is shown as a percentage.

Optional lump sum

This is our predicted future value of the goods at the end of the finance agreement and only applies to Flex Car Plan (PCP). You can either pay the optional lump sum to own the car, or hand the car back – return conditions apply. To find out more, view our product comparison page.

Total repayments

The Total Repayment shown for Flex Car Plan (PCP) includes the optional lump sum.

Personal Contract Purchase (PCP) final payment will be the optional lump sum.

Option 2

Hire Purchase
(HP)

Annual Percentage Rate or APR, gives you an idea of how much it could cost each year, in interest, including any standard fees, to borrow money. The APR is shown as a percentage.

N/A

This calculator shows what your monthly repayment could be. The actual repayment could be lower or higher depending on your personal circumstances and the make, model and age of the car you would like to finance.

How the car finance calculator works

Check how much you could borrow by entering:

  • the price of the car
  • how much you have saved for a deposit, if you want to put one down
  • how long you want to pay off the car for.

The tool will instantly work out your potential car payments.

You can adjust the results to match your budget. Try changing the size of your optional deposit and the borrowing term to see how it may affect your monthly payments.

The finance calculator acts as both an HP calculator and a PCP calculator, so you can compare the costs of both.

Learn the difference between HP and PCP.

Ready to apply or switch?

Can I apply for car finance with Lloyds?

Yes, you can apply if you're:
 
  • a Lloyds Bank main personal current account holder (minimum 3 months)
  • registered for online banking
  • aged 18 or over
  • a UK resident.

Lending is subject to status and additional affordability checks.

 

Get a personalised quote

See your car finance options

Find out how to fund your next car purchase.

Switch your car finance to Lloyds Bank

Switching your existing HP or PCP agreement to Lloyds Bank could save you money. If you refinance your car to one of our plans, your monthly payments could be lower, or you could spread the cost of a lump sum payment.

Refinance your car

Let’s take a closer look

  • Total costs for car finance will depend on a range of factors, including:

    • the value of the car
    • your optional car finance deposit amount
    • the length of the term, usually between 12 and 60 months
    • the HP or PCP interest rate.

    It’s important to know what you will pay back before you agree to car finance.

    Use the Lloyds car finance calculator to get a better idea of your monthly payments. It'll help to work out potential costs for both HP and PCP plans.

    Only take out car finance if you can comfortably afford the monthly payments.

     

  • APR stands for Annual Percentage Rate. It shows how much it will cost you in interest and any standard fees as a percentage. This can be useful when comparing car finance deals from different lenders.

  • The amount you can borrow will depend on many factors, such as your:

    • credit score
    • budget
    • monthly incomings and outgoings
    • chosen car
    • choice of product - HP or PCP.

    Only borrow what you can afford to pay back, alongside your other essential bills. Use the Lloyds car finance calculator to understand what your monthly payments could be.

  • No, your car finance quote will depend on a range of factors, including:

    • the make and model of the car
    • how old it is
    • the price.

    Without these details, we can only give you a rough idea of what your monthly payments could be.

    For a personalised quote in just a few minutes, log in to online banking. This won't affect your credit score.

  • Yes, the car finance calculator outlines your options and if you choose PCP, it will estimate the potential balloon payment, also called the final lump sum.

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Car finance options

Car finance vs a loan

Buying an electric car

Car Leasing guide

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