Car finance checker

APR is the annual cost of borrowing. It includes the interest you’ll pay on finance, as well as any fees associated with the borrowing. The APR figure must be shown on all quotations and advertising materials, so it’s a good way of comparing different finance deals.

There are two types of APR: actual and representative. They’re calculated in the same way, but representative APR means that at least 51% of the applicants will get the rate advertised. The remaining 49% of applicants will be offered a different, usually higher, rate. Actual APR is the interest rate you’ll get when borrowing.

A personal APR is when the annual cost of borrowing has been calculated for you based on individual factors, such as your financial situation and credit history. Your personal APR may be different to the representative APR we advertise on our website and is the likely interest rate you’d receive if you apply for finance.

Our car finance checker gives a good indication of your eligibility for car finance based on your credit profile. Without a full application, we can’t confirm if you’ll be approved for car finance. This is because the application process takes into account the amount you want to borrow and your personal circumstances, credit rating, employment status and your financial history.

To see your chances of being approved for a car finance agreement, we’ll ask for your:

• Monthly budget

• Name

• Date of birth

• Mobile phone number

• Email address

• Address history

• Employment status

If you’re eligible for car finance, you’ll be able to search for cars that suit your budget.

We’ll ask you to enter your monthly payment budget, your preferred contract length, finance type and deposit amount. You’ll then be able to browse cars based on your criteria and personal APR.