Top-Notch Car Finance Calculator

Take Advantage of Used Car Sales Direct’s Finance Calculator

Whether you’re looking for a used SUV or sedan, it’s important to know what your monthly payments would look like. Our handy finance calculator will help provide a look at what the cost of financing a used car might look like. When you use our calculator, you’ll have an estimate for your monthly payments and interest costs, allowing you to form a budget before committing to any plan. The calculator is designed to help give you confidence as you look for a used car. We strive to make financing a used car simple and stress-free. If you’re ready to drive home with the car of your dreams, visit our lot or shop online today.

What is a Car Finance Calculator?

As mentioned, our finance calculator is a powerful online tool that helps those searching for used cars better predict their monthly payments based on several factors. We’ll produce an instant estimate, without manual calculations, based on how much you intend to borrow over a specific timeframe and your initial deposit. The calculator will show you a comparison of some of the different financing options we offer based on an assumed interest rate, allowing you to find an option that best fits your budget. It’s important to note that the number produced is just an estimate, but it can help provide confidence and insight, allowing you to find the right car for the right price.

How to Use a Car Finance Calculator

Using our car finance calculator couldn’t be any easier. The calculator uses different variables to produce an estimated monthly amount. These factors include the amount to be borrowed, interest rate (APR), loan length, down deposit, and credit rate. Once entered, it will instantly generate a monthly rate, including total interest costs, to help you understand how much you could pay for a loan. Just change the terms, such as the amount borrowed or the length of the agreement, and our calculator will calculate the difference for you. To use our finance calculator, plug in the requested information, and our system will handle the rest.

Explore the Different Types of Car Financing Options

Traditionally, buying a car is one of the most important and expensive purchases we make, next to buying a home. We work with leading lenders to offer our customers various financing options. When financing, we recommend reviewing the type of loan, terms and conditions, and anything else that may be attached to the option. This helps you find the right option that doesn’t exceed your budget. Take a look at the car finance solutions we offer, including a brief overview of the program:

  • Personal Loans – This option allows you to borrow the total amount needed to finance the car. You’ll pay back the borrowed amount through monthly fixed payments plus interest.
  • Personal Contract Purchase (PCP) – A personal contract purchase is a loan that allows you to finance a car without paying the total cost upfront. The amount due is based on the car’s depreciation instead of the total value. Once the agreement has ended, you have the option to return the car, part-exchange, or purchase the vehicle. It’s important to note that the final payment is based on mileage and other factors.
  • Hire Purchase (HP) – You’ll put down a deposit and then start to make fixed monthly payments. When the amount has been repaid in full, you can purchase the car outright for a fee. We’ll let you know the purchase cost before you sign any agreements.
  • Leasing – With this option, you’ll pay a deposit and monthly instalments. These payments may be lower than some other agreements, but the trade-off is that you don’t own the car.

FAQs regarding Our Finance Calculator

We strive to make financing your next car as simple as possible. To help with that, we’ve compiled some of the most commonly asked questions regarding our finance calculator, including their answers. If you have any additional questions or want more information, don’t hesitate to reach out. Here are our frequently asked questions:

  • Will Getting a Finance Quote Affect My Credit? – Not at all! When you use our car finance calculator, you’ll only receive an estimated amount for your monthly payments. The only time we’ll perform a hard search for your credit is when you apply.
  • How Accurate is the Finance Calculator? – Our calculator can provide estimates of your monthly payments, including interest. In order to get more exact information, don’t hesitate to schedule a consultation with our financial experts.
  • What Credit Score is Needed to Finance a Car? – While no specific credit rating is required, having a better credit rating can result in lower interest rates.
  • How Long Does it Take to Get a Financing Decision? – In most cases, we can provide you with an instant decision. If it takes longer than expected, we’ll provide updates as we receive them.

Discover the Benefits of Our Finance Calculator

The Used Car Sales Direct team is proud to offer incredible tools like our car finance calculator. Our calculator provides valuable insight into potential financing scenarios, allowing you to find the right option that works for your lifestyle. Be sure to use our finance calculator as a starting point, then visit our lot to discuss all options with our seasoned financial experts. We’ll work with you and provide personalised recommendations. You’re encouraged to explore our site, find the next car you can’t live without, use our calculator, and give us a call. Our team will find the right solution so you can drive home today.