Use our used car finance calculator to estimate your monthly payments before you apply. You can adjust the borrowing amount, contract length, deposit amount and credit profile to see how different options may affect your HP car finance quote. The figures shown are for illustration only, but they can help you understand what your monthly payments, total cost of credit and total amount payable could look like before starting an online car finance application.
The AutoMoney Trust finance calculator is designed to give you a clearer idea of what your used car finance payments could be. You can borrow between £4,000 and £25,000, choose a repayment term from 36 to 84 months, and adjust your deposit to see how each change affects your estimated monthly payment.
Your actual APR, monthly payment and finance terms may be different if you apply. The final offer will depend on your personal circumstances, credit profile, affordability assessment, chosen vehicle, deposit and agreement term.
Using the calculator is straightforward. Start by choosing the amount you want to borrow, then select the length of your agreement and whether you want to pay a deposit.
Use the borrowing amount slider to choose how much you may want to finance. AutoMoney Trust offers HP finance from £4,000 to £25,000.
A higher borrowing amount will usually increase your monthly payments and the total amount payable. A lower borrowing amount will usually reduce your monthly payment, depending on the term and APR shown.
Choose a contract length from 36 to 84 months. A shorter term usually means higher monthly payments, but you may pay less interest overall and own the car sooner. A longer term usually lowers the monthly payment, but the total amount payable may be higher.
You can read more about this in our FAQ on how the loan term affects your payments.
Use the deposit slider to test how different deposit amounts affect your monthly payment. A larger deposit can reduce the amount you need to borrow and may lower your monthly payments.
If you do not have a deposit available, AutoMoney Trust may still be able to help. Our guide to zero deposit car finance options explains how no-deposit car finance works and what to consider before applying.
The credit profile selector gives an illustrative rate based on the option you choose. This does not affect your credit file and does not decide whether your application will be approved.
If you want to understand how credit checks work when applying for car finance, read our guide to credit checks for car finance.
The figures shown in this calculator are based on the Representative APR for customers with a similar credit profile, the rate that at least 51% of customers in that group are expected to receive, based on our standard lending criteria.
The Optional Purchase Fee is a £199 fee you only pay if you decide to buy the car at the end of your finance agreement. You don't have to buy the car, that's entirely your choice. If you choose to hand the car back instead, you won't pay this fee. If you decide to keep the car, you'll need to pay the £199 Optional Purchase Fee, usually along with your final payment, to transfer legal ownership of the vehicle to you. This fee covers the cost of finalising your agreement and removing our interest in the vehicle. It's separate from your deposit and from any other charges on your agreement.
The amount shown is an illustration of a typical monthly payment based on the Representative APR. These figures are for guidance only; the actual payments and rate you're offered will depend on your individual circumstances and are not guaranteed. Please see below for details of how your final payment may be different.
| Purchase price | £ |
| Deposit | |
| Borrowing | |
| Contract length |
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Payments
| Total cost of credit | £ |
| Total payable | £ |
The figures shown are for illustration only and are based on typical rates for the credit profile you’ve selected. They don’t guarantee that your application will be approved or that you’ll be offered the same rate, payments, or terms. Your actual APR and payments may differ depending on your circumstances. Finance is subject to status, affordability checks, and our terms and conditions.
The calculator gives you an estimated monthly payment and a breakdown of the main figures involved in your HP finance quote.
Your monthly payment is the amount you would usually pay each month during the agreement. The calculator shows an estimated monthly payment based on the borrowing amount, deposit, contract length and selected credit profile.
The amount shown is only an illustration. Your actual payments may be different if you apply and receive a personalized quote.
The purchase price is the price of the vehicle before your deposit is taken into account. The calculator uses this figure to work out the amount of credit and estimated repayments.
The deposit is the amount you choose to pay upfront towards the car. Paying a deposit can reduce the amount you borrow and may reduce your monthly payments.
The borrowing amount is the amount of credit used to finance the vehicle after your deposit has been applied. This is the amount your monthly repayments are based on.
The contract length is how long your HP agreement would run for. AutoMoney Trust offers repayment terms from 36 to 84 months.
The total cost of credit is the amount you pay for borrowing the money. It includes the interest and applicable fees shown in the calculator.
The total payable is the full amount you would pay over the agreement. This includes the borrowing amount, interest, fees and final option to purchase fee where applicable.
Using our used car finance calculator is simple, but you might be wondering how a deposit, APR or the total amount payable affects your monthly payments, or how these figures are calculated. Below, we’ve explained each one in a little more detail to help you understand how they work and what they mean for your car finance.
APR, or Annual Percentage Rate, is the yearly cost of borrowing, including interest and fees. It affects how much you pay each month and the total cost of your car finance.
A higher APR usually means higher monthly payments and a higher total amount payable. Your APR may depend on your credit profile, deposit, term, lender criteria and affordability assessment. You can read more in our guide to what car finance APR means.
The total amount payable is the full cost of your HP finance agreement. It includes the car’s price, deposit, interest over the term and any fees.
It is calculated by adding together the payments due under the agreement. A longer term may lower monthly payments, but it can increase the total cost. Always check what is included so you know what you are committing to.
Your deposit is the upfront amount you put towards the car’s cost. It can lower your monthly payments and reduce the total amount you repay.
With AutoMoney Trust, deposits are optional and depend on the car and how much you want to borrow. Choosing not to pay a deposit may be possible, but it can mean higher monthly payments. Your deposit, credit profile and agreement term all help shape your finance offer and overall affordability.
AutoMoney Trust offers hire purchase car finance. With HP, you make fixed monthly payments over an agreed term. Once all payments have been made and the option to purchase fee has been paid, legal ownership of the vehicle transfers to you.
HP does not usually involve a large balloon payment at the end of the agreement. This can make it easier to understand the full cost of the finance from the start. Our guide to how HP finance works explains the process in more detail.
If you are comparing different types of car finance, our HP vs PCP guide explains the difference between hire purchase and personal contract purchase.
The figures shown in the calculator are based on typical rates for the credit profile you have selected. They do not guarantee that your application will be approved or that you will be offered the same rate, payments or terms.
Your actual APR and payments may differ depending on your circumstances. Finance is subject to status, affordability checks, and our terms and conditions.
If approved, your personalised quote will confirm your actual rate, payments, fees, total cost of credit and total amount payable before you decide whether to continue.
The calculator may show a first payment, regular monthly payments and a final payment. These can differ because some fees are paid at specific points in the agreement.
The option to purchase fee is a £10 fee you only pay if you decide to buy the car at the end of your finance agreement.
You do not have to buy the car. If you choose to hand the car back instead, you will not pay this fee. If you decide to keep the car, you will need to pay the option to purchase fee, usually with your final payment, to transfer legal ownership of the vehicle to you.
You can read more about the types of fees that may apply in our FAQ: Do AutoMoney Trust charge any fees?.
Yes. Once you have tested different borrowing amounts, deposits and repayment terms, you can start your car finance application online.
Applying with AutoMoney Trust uses a soft credit search at the first stage, so checking your eligibility will not affect your credit score. If approved, a member of our team will explain your offer in full before anything is finalised.
If you are new to AutoMoney Trust, our new customers page explains who can apply, how the process works, and what to expect after submitting your application.
The total amount payable is the overall amount you'll pay over the full term of your hire purchase agreement if all payments are made as agreed. It includes the amount you've borrowed to finance the vehicle, the interest charged over the agreement, any applicable fees, and the option to purchase fee payable at the end of the agreement if you choose to become the legal owner of the vehicle.
Understanding the total amount payable is an important part of comparing car finance options because it shows the true overall cost of borrowing, rather than just the monthly repayment amount. While lower monthly payments may seem more affordable, they can sometimes result in a higher total amount payable if the finance term is longer or more interest is charged over time.
When using the AutoMoney Trust finance calculator, reviewing the total amount payable alongside the APR, finance term and estimated monthly repayments can help you build a clearer picture of the total cost of your agreement. Considering all of these figures together can help you decide whether the finance option is suitable for your budget, financial circumstances and long-term affordability before you enter into a hire purchase agreement.
No, AutoMoney Trust car finance calculator provides an illustration based on the information and options selected, such as the vehicle price, deposit amount, finance term, and estimated monthly payments. It is designed to help you understand how different finance options could affect your budget before making an application.
The figures shown by the car finance calculator are not a guarantee of approval or a guaranteed financed offer. If you decide to apply for car finance, you application will be assessed based on your individual circumstances, including affordability, financial commitments and credit history.
The APR, monthly payment amount, finance terms, and total amount payable offered following an application may differ from the calculator illustration. Any final offer will be confirmed in your hire purchase agreement if your application is approved.
Using our finance calculator can be helpful first step when comparing options and understanding what monthly payments may be affordable before applying for car finance.
Getting started with AutoMoney Trust is straightforward, you can apply online today using our short application form and receive a decision in minutes. Before applying, it helps to understand your options, check what documents you'll need, and use our finance calculator to estimate monthly payments based on the amount you want to borrow. AutoMoney Trust specialises in used car Hire Purchase finance from £4,000 to £25,000, with fixed monthly payments over 36 to 84 months. Applications are subject to status and affordability. Once approved, you could be driving your new car the same day.
Getting started with AutoMoney Trust car finance is simple. You can apply online using our short application form and provide the information needed for us to assess your application. In many cases, you can receive a decision quickly once your details have been reviewed.
Before applying for used car finance, it can help to understand your finance options, check the documents you may need, and use our car finance calculator to estimate your potential payments. This can give you a clearer idea of what you may be able to afford based on the amount you want to borrow and the length of your agreement.
AutoMoney Trust specialises in used car hire purchase finance from £4,000 to £25,000, with flexible agreement terms from 36 to 84 months and fixed monthly payments throughout the finance term. With hire purchase, you make regular payments towards the vehicle and, once all payments and the option to purchase fee have been completed, you can own the car outright.
All car finance applications are subject to status and affordability checks, meaning we will consider your individual circumstances before making a lending decision.
Once your application has been approved and your vehicle purchase has been completed, you could be driving your new car the same day.
Car finance can affect your credit score positively or negatively depending on how you manage your agreement. Making regular, on-time payments can help build a positive credit history and demonstrate responsible borrowing, while late or missed payments can negatively affect your credit score and make it more difficult or expensive to access credit in the future.
If payments are not made on time, they may be reported to credit reference agencies, which can lower your credit score and make future borrowing more difficult or potentially more expensive.
When you apply for car finance, a lender may carry out a hard credit search, which appears on your credit file and can cause a small, temporary change to your credit score. This is a normal part of the application process and helps lenders assess whether finance is affordable and suitable for you.
For more information about how applications are assessed, read our guide on Credit Checks for Car Finance.
Finance broker commission is a payment a broker or dealer may receive from a lender for introducing a customer and arranging a car finance agreement.
If you're introduced to AutoMoney Trust through a broker or dealer, they may receive commission for arranging your finance. This is common practice with the motor finance industry, where brokers help customers find suitable finance options and manage the application process.
UK regulation requires any commission arrangements to be disclosed before you enter into a hire purchase agreement. The information provided should explain whether commission applies and include details of the amount or method used to calculate it within the documents you receive.
AutoMoney Trust uses fixed-rate commission structures. This means the commission paid to a broker does not affect your interest rate or increase the amount they earn based on the rate you are offered. This helps ensure customers receive clear, transparent information about their finance agreement and the costs involved before making a decision.
If you would like to understand how commission may apply to your specific car finance agreement, you can review your pre-contract information or contact AutoMoney Trust directly, and we will be happy to explain the details.
To apply for car finance with AutoMoney Trust, you'll usually need documents that help verify your identity, confirm your income and affordability, and validate your address. The exact documents we'll ask for will depend on your individual circumstances, but having the relevant information ready before you start your application can help make the process quicker, smoother and reduce the likelihood of delays.
You may need to provide proof of identity, such as a valid UK driving license or passport, along with proof of income such as recent payslips or bank statements. You may be asked for proof of address dated within the last three months, as well as details of the vehicle you are looking to finance if you have already chosen one.
If you are self-employed and applying for car finance, you may need to provide additional information, such as SA302 forms, tax calculations, or business accounts, to help demonstrate your income and affordability.
The documents required can vary depending on your individual circumstances and application. Providing accurate details and having your documents available in advance can help sped up the car finance application process and reduce the need for additional requests.
