Chat with us, powered by LiveChat Bad Credit Car Finance Calculator - Red Potato

Calculate what you could borrow

Our Car Finance Calculator can help you work out the cost of your monthly repayments based on your car budget.


Rate of interest (Fixed) Per Annum 16.24%. Representative 29.9% APR

Representative Example: Borrowing £5,500 over 48 months with a representative APR of 19.9%, the amount payable would be £162.34 a month, option to purchase fee £10.00, with a total cost of credit of £2,302.32 and a total amount payable of £7,802.32

Bad Credit Car Finance Calculator

Our bad credit car finance calculator shows you how much a Hire Purchase agreement will cost you. This is based on the amount you would like to borrow and the loan term, either 36, 48 or 60 months.

How our bad credit car finance calculator works

Simply select the amount you would like to borrow, between £2,500 and £15,000, and the term over which you would like to make repayments (36, 48 or 60 months). The calculator shows you how much interest you pay, the total amount payable and how this breaks down into monthly payments.

No deposit car finance

At Red Potato, we’re able to provide car finance with no deposit required. If you have a deposit available and want to calculate the cost of credit for a car value you have in mind, all you need to do is subtract the deposit amount from the car price. So assuming the car you want to buy costs £10,000 and you have a £2,000 deposit, you only need to set the loan amount to £8,000.

Why Red Potato?

At Red Potato, we specialise in providing bad credit car finance for those who have previously had financial difficulties or been refused car finance. Although we can’t guarantee car finance approval, we will always try our best to help.

Your credit score

Unlike some car finance companies, we will still be able to consider your application even if you’ve had financial difficulties. You might;

We offer finance from 19.9% APR to 29.9% APR. We will confirm the APR you are eligible for when we provide you with a lending decision. The APR you are offered is subject to our underwriting checks once we have received your documents and completed our affordability checks.

Representative example: Loan amount of £7,500 with a monthly repayment of £191.63 over a term of 60 months at a rate of 10.66% interest per annum (fixed). This is equivalent to 19.9% APR representative. Interest repayable is £3,997.80 with an option to purchase fee of £10.00. Total amount repayable is £11,507.80.

Do I have bad credit?

If you’re unsure if you have bad credit, the best thing to do is check your credit score. There are a number of websites that you can use to get a free credit check including Experian and Check My File.

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Search our cars

When you’ve worked out how much you’d like to borrow, you can submit an application or use our car search tool. The car search tool gives you the option to search by monthly cost so that you can select something that is affordable for you. Please be aware that payment terms depend on the age of the car, so not all are available to finance over a 48 or 60 month period.

This website is operated by Premium Plan Limited. Red Potato is a trading name of Premium Plan Limited, which is registered in England with Company No 05977118. Registered office: Kempton House, Kempton Way, PO Box 9562, Grantham, Lincolnshire, NG31 0EA. Premium Plan Limited is authorised and regulated by the Financial Conduct Authority (FRN: 742272). The Red Potato name and logo are trademarks of Totemic Limited. Premium Plan Limited is a member of the Finance & Leasing Association (FLA).