UK Car Loan

£12,500 car loan at 10.9% APR over 7 years

Indicative monthly repayment and total cost for a UK car loan of £12,500 at a 10.9% representative APR.

Monthly repayment

£213.37

Total interest

£5,423.40

Total repaid

£17,923.40

Is this a good rate?

UK car loan APRs typically range from around 6% for excellent credit to 25%+ for sub-prime borrowers. At 10.9%, a £12,500 loan costs £213.37 per month and £5,423.40 in total interest.

Cheaper alternatives

0% dealer finance — manufacturer-subsidised, usually only on new cars.
0% purchase credit cards (12–24 months) for smaller amounts.
Personal loans from your current bank often beat dealer APRs.

Same loan, different rates

£12,500 at 3.9% · 7yr £12,500 at 4.9% · 7yr £12,500 at 5.9% · 7yr £12,500 at 6.9% · 7yr £12,500 at 7.9% · 7yr £12,500 at 8.9% · 7yr

Other amounts at 10.9%

£3,000 at 10.9% · 7yr £5,000 at 10.9% · 7yr £7,500 at 10.9% · 7yr £10,000 at 10.9% · 7yr £15,000 at 10.9% · 7yr £17,500 at 10.9% · 7yr