Chat with us, powered by LiveChat Car Finance Calculator | See how much you can borrow

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

Car Finance Calculator

Our car finance calculator can give you an estimate of how much a finance agreement through Red Potato will cost you. This is based on the amount you’d like to borrow and the payment term (60, 48 or 36 months).

How the car finance calculator works

You can alter the amount you’d like to borrow and the payment term on the car loan calculator. This will provide a breakdown of how much a car loan will cost you. You will be able to see how much annual interest rate you will be charged and the total amount you will pay overall.

Most importantly, the calculator can be used to work out how much a finance agreement will cost you in monthly payments. You should ensure that this amount is reasonable and affordable for the entire length of the agreement.

Why Red Potato?

As an authorised car finance provider, we specialise in providing bad credit car finance for those who have previously had financial difficulties. 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 consider your application even if your credit rating is less than perfect. You might:

The type of finance agreement we offer is hire purchase. Although we will try to help anyone in any financial situation, approval for car finance is subject to status and your ability to repay the loan.

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.

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Search our cars

When purchasing a car on finance you should base your car search on your monthly affordability. Our 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 cars so not all are available to finance over a 48 or 60 month period.

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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).