Car Finance Calculator

When you're looking for a car, our handy calculator can help. With it, you can see how much a Personal Contract Purchase (PCP) or Hire Purchase (HP) Car Plan could cost each month.

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'd like to finance.  You can get your personalised rate by logging in to Internet Banking.

How our car finance calculator works

To find out what you could pay each month, enter the full price of the new car, the deposit and how long you want to borrow for.

The calculator also shows what your APR could be. The APR is how much it will cost for your total borrowed amount as a percentage.

What's this?

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.

What's this?

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.

What's this?

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’ll pay in interest.

Please enter a term between 12 and 60 months

Option 1

Personal Contract Purchase (PCP)

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)


HP Representative example:

You could borrow £13,000 over 48 months with 48 monthly repayments of £306.05. Total amount repayable will be £14,700.40 (including £10 purchase fee). Representative 6.3% APR, annual interest rate (fixed) 6.09%.

You can apply if you are:

  • An existing Bank of Scotland personal current account holder (minimum 3 months)
  • Registered for Internet Banking

Lending is subject to status and additional affordability checks.

  • Aged 18 or over
  • A UK resident
Get a quote now

Compare your car finance options

Compare your car finance options

If you're not sure which type of car finance is right for you, use our comparison tool to explore your options.

Compare car finance
  • Car Finance helps you spread the cost of a new or used car. Instead of paying the full cost of the car upfront, you'd typically pay a deposit and make monthly repayments which include any interest payable, over an agreed term.

    Bank of Scotland buys the car on your behalf and you'll become the owner of the vehicle once the final repayment including interest has been made.

    The finance offers available will depend upon factors such as the vehicle being financed, your personal circumstances and our lending policies.

  • The cost of your car finance will depend on lots of factors, including:

    • the price of the car
    • how much deposit you pay
    • the length of the term
    • the interest rate you are offered.

    It's important to know what you'll pay back before you agree to car finance. Only take out car finance if you can comfortably afford the monthly repayments.

  • APR stands for 'annual percentage rate'. It shows you how much it'll cost for your total borrowed amount as a percentage. It's made up of both the interest and fees for the borrowed amount.

    The APR helps when you are comparing loan rates from different lenders.

  • When taking out car finance, you'll need to provide:

    • the dealer’s name, postcode and bank account details
    • the car registration number
    • the current and expected yearly mileage
    • the price of the car and deposit
    • your financial details, including your monthly income and existing finance commitments
  • The amount you can borrow will depend on many factors, such as your:

    • Credit profile.
    • Budget.
    • Monthly incomings and outgoings. 
    • Chosen car.
    • Choice of product (HP or PCP).

    For example, if you've a strong credit score and low monthly outgoings, you might be able to borrow more.

  • With Personal Contract Purchase Plan you own the car once you've made all your payments at the end of the term, with no lump sum to pay or mileage limits.

    For the same car and term, Hire Purchase Plan has lower monthly repayments. You can own the car at the end of the term with an optional lump sum payment. If you don't want to own the car, you can return it. If it's in good condition and inside the mileage limit you agreed, there'll be no extra charges. Some wear and tear is expected but if the car needs repairs, or you go over the mileage limit, you'll be charged.

  • A deposit is the amount of money you pay to the dealer up front. You don't always need to pay one, but it could lower your monthly repayments if you do. If you're trading in your current car, please include the part exchange value in your deposit.

  • Without any car details, we can only give you a rough idea of how much you can borrow and how much your monthly repayments would be. If you give us the details of the car you want to buy, we'll be able to give you a more accurate quote. 

  • The best option for you depends on your personal situation. As well as comparing monthly repayments, you should read about the features of each plan to see which one is right for you.