The bad credit car finance calculator can be used 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.
Bad Credit Car Finance Calculator
BCCF are specialists at helping people who haven’t been the best with finances in the past and may have missed payments, resulting in a poor or bad credit score. We connect you with companies who 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. Our goal is always that you get finance at an affordable rate for your circumstances.
The car finance calculator should be used as a guide, we 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.
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*Figures are for illustration purposes only. The actual APR you get is based upon your current financial circumstances.
Representative example: borrowing £7,500 over 48 months with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96