UK Car Loan

£12,500 car loan at 12.9% APR over 6 years

Indicative monthly repayment and total cost for a UK car loan of £12,500 at a 12.9% representative APR.

Monthly repayment

£250.27

Total interest

£5,519.23

Total repaid

£18,019.23

Is this a good rate?

UK car loan APRs typically range from around 6% for excellent credit to 25%+ for sub-prime borrowers. At 12.9%, a £12,500 loan costs £250.27 per month and £5,519.23 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% · 6yr £12,500 at 4.9% · 6yr £12,500 at 5.9% · 6yr £12,500 at 6.9% · 6yr £12,500 at 7.9% · 6yr £12,500 at 8.9% · 6yr

Other amounts at 12.9%

£3,000 at 12.9% · 6yr £5,000 at 12.9% · 6yr £7,500 at 12.9% · 6yr £10,000 at 12.9% · 6yr £15,000 at 12.9% · 6yr £17,500 at 12.9% · 6yr