MegaConvert.uk
UK Car Loan

£20,000 car loan at 12.9% APR over 3 years

Indicative monthly repayment and total cost for a UK car loan of £20,000 at a 12.9% representative APR.

Monthly repayment
£672.92
Total interest
£4,224.98
Total repaid
£24,224.98

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 £20,000 loan costs £672.92 per month and £4,224.98 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

£20,000 at 3.9% · 3yr£20,000 at 4.9% · 3yr£20,000 at 5.9% · 3yr£20,000 at 6.9% · 3yr£20,000 at 7.9% · 3yr£20,000 at 8.9% · 3yr

Other amounts at 12.9%

£3,000 at 12.9% · 3yr£5,000 at 12.9% · 3yr£7,500 at 12.9% · 3yr£10,000 at 12.9% · 3yr£12,500 at 12.9% · 3yr£15,000 at 12.9% · 3yr